Private treaty is how most property in Ireland is sold. The property is placed on the market with a guide price. Viewings are held and people are welcome to place offers on the property. Bids are accepted with the condition that prospective purchasers can show proof of funds.
Private treaty is favoured by sellers mostly because it is the most well understood form of selling. Buyers generally know how to make an offer under this method and buyers also find that having an asking price is convenient and gives them confidence in making offers.
Marketing property under the private treaty method is customised to the individual property. A “For Sale” sign is prominent as is digital media (websites), brochures and viewings.