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 by auction can mean a faster sale with unconditional offers from committed buyers. You control the reserve price and settlement date, while competition can create a bidding war and potentially a higher price.
However, this method can exclude some buyers and doesn't guarantee a sale or the highest price. The outcome is legally binding. The best approach depends on market conditions and your property, so it's crucial to discuss options with your real estate agent.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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