To auction or not to auction? The pros and cons

Selling your home by auction can be a fast way to sell, as all bids are unconditional from serious, pre-approved buyers. You maintain control by setting the reserve price and settlement date. The competitive, no-price environment can attract a wider buyer pool and potentially drive the price up.

However, this method can deter buyers who need conditional offers or are intimidated by the process. There's no guarantee of a sale if the reserve isn't met, and the final price could be lower than hoped.