Feature article
To auction or not to auction? The pros and cons
To auction or not to auction, for many sellers, that is the question. We help you weigh up the pros and cons.
AI summary
Selling your home by auction can be a fast way to achieve an unconditional sale. This method attracts serious, pre-approved buyers and gives you control over the reserve price and settlement date, with the potential for a competitive bidding war.
However, auctions can exclude buyers who need to make conditional offers, potentially limiting competition. There is no guarantee of a sale if the reserve isn't met, and the final, legally binding price might be lower than hoped.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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