Dave Penny

I bring a wealth of experience in sales having 25 years in automotive sales and the last 6 years in Real Estate, an area I have always had a passion for.

I am married with two sons, living on a lifestyle block on the outskirts of Invercargill. I commit to having an open, no fuss policy for any transactions with my clients and look forward to being of service to you.

My focus on Tender is to show you what a great way it is to sell property, both Residential and Lifestyle. Here are some of the benefits:

Tender: Normally only standard commission.
Auction: There is normally an auction fee, over and above commission which is payable whether or not your property sells.

Tender: Creates urgency for buyers by having a closing date.
Auction: Established sale date creates buyer urgency.

Tender: Conditional Tenders (i.e. subject to finance) can be submitted.
Auction: Restricted to cash buyers, potentially excluding as many as 80% of potential buyers.

Tender: The buyers must submit their highest offer as they have no knowledge of what others are offering.
Auction: The buyer only needs to pay enough to outbid the underbidder. Why would they go any higher even if they had intentions of doing so?

Tender: If a tender is not accepted, the highest Tender remains confidential.
Auction: If the property is passed in, the highest bid is public knowledge
and this will often dictate the price in future marketing.

Tender: Negotiations can take place after the closing date for tender.
Auction: Once the hammer falls the deal is done, no further negotiations can take place.

Tender: Conditional tenders allow buyers to avoid expense prior to placing tender as these reports can be a condition of purchase.
Auction: The prudent buyer is put to considerable expense e.g. valuations, builders reports which can be a waste of money if unsuccessful at auction.

Tender: The tender process is confidential.
Auction: An auction is a public process.