To auction or not to auction? The pros and cons

Selling your house by auction can be a fast way to achieve an unconditional sale, particularly in a strong market. You control the reserve price and settlement date, and competition between bidders can drive the price up.

However, auctions can deter buyers who need finance conditions and offer no guarantee of a sale. If the property is passed in, you can still negotiate. Ultimately, market conditions and your personal timeframe are crucial factors to consider when choosing your sale method.