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 house by auction can mean a faster, unconditional sale. You control the reserve price and settlement date, attracting serious buyers and potentially creating a bidding war for a higher price.
However, this method can deter some buyers, and there's no guarantee of a sale or achieving the highest possible price. If a property is passed in, you can still negotiate. The sale is final, so discuss if this is the right approach for you with your agent.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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