A Notice of Proposed Sale of Property is a legal document which states the intention of a seller to sell a particular piece of real estate property. It is typically used when a seller wishes to sell a property but does not want to advertise it publicly. The document will include details such as the sale price, terms of the sale, and description of the property. There are two types of Notice of Proposed Sale of Property: public notice and private notice. Public notices are typically published in a newspaper or posted on a public notice board. Private notices are sent directly to potential buyers who have expressed interest in the property. Both types of notice are legally binding.