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 offers a fast, unconditional sale where you control the reserve price and settlement date. This method attracts serious buyers and can create a competitive bidding war for your property.
However, auctions can also deter buyers needing finance and offer no guarantee of a sale or the highest price. If a property is passed in, you can still negotiate. Weigh these factors against current market conditions to decide if an auction is right for you.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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