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, potentially increasing the final price.
However, auctions can exclude buyers needing finance conditions, and there's no guarantee of a sale or a high price. Carefully consider market conditions and your personal timeframe before committing to this legally binding process, as the sale is final once the hammer falls.
The pros of selling at auction
The potential cons of selling at auction
Is an auction right for you?
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