To auction or not to auction? The pros and cons

Selling your house by auction can be a fast and effective method, especially in a seller's market. Key benefits include attracting only unconditional buyers, giving you control over the reserve price, and the potential for a bidding war to drive up the final sale price.

However, auctions can also exclude buyers who need finance conditions. There's no guarantee of a sale or achieving your desired price, and once the hammer falls, the sale is final. Weigh these factors carefully with your agent.