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 secure a fast, unconditional sale by creating competition among serious buyers. You control the process with a set reserve price and settlement date.
However, auctions can deter buyers who need finance conditions and offer no guarantee of a sale. The final price might be lower than hoped, and the sale is final once the hammer falls.
Success often depends on market conditions, so consult your agent to decide if this method suits your property.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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