Expression of Interest
What is an Expressions of Interest (EOI) sale?
An Expression of Interest (EOI) campaign is a method of selling a property where potential buyers are invited to submit their highest and best offers in writing to purchase the property. This submission, made on a Contract of Sale, includes details such as the buyer's name(s), price, deposit, proposed settlement terms, and more. All offers must be submitted to the selling agent in the specified format on or before a predetermined closing date and time for the EOI campaign.
The submitted offers are then presented to the seller for consideration. It is important to note that offers will not be disclosed to other potential buyers, only to the seller. The seller will evaluate the offers and choose to either accept one or negotiate with the buyer who has presented the most favorable offer, as a priority.
Expression of Interest
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