Is selling at auction the right choice for me?
Selling at auction can mean a quick and easy sale, with excited bidders driving up the price of your home.
But is it right for you?
Whilst we know selling at auction might not be for everyone, there are some key advantages if you’ve been thinking about this approach for your next sale.
Speed
One of the top reasons that homeowners opt for auctions is the speed of the process, which can take a matter of weeks once a property has been sold to complete.
Higher price
With your agent by your side, it’s crucial to maximise the value from your marketing strategy.
The more interest you can drum up, the more competitive the bidding between interested parties, and all of this will ensure you receive the best possible price for your home.
Guaranteed closure
Unlike with traditional sales, there’s a reduced risk of auction sales from falling through.
This is because the necessary checks and paperwork are completed beforehand, so when the gavel falls, the contracts have been exchanged.
Complete transparency
Each bid is made in public so the seller is fully aware of everything as it unfolds, and with a minimum reservice price, you don’t need to worry about selling for under market value.
Who is best suited to selling at auctions?
Typically preferred by investors, homeowners looking to expediate the process also opt to sell at auction, where needed.
Want more information about selling at auction? Contact our team today.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
The Renters' Rights Act: What landlords need to know now
The Renters' Rights Act: What landlords need to know nowThe Renters' Rights Act 2025 came into force on 1 May 2026, bringing the most significant overhaul of private rented sector legislation in England in more than thirty years.
What's my home really worth? Understanding property valuations
What's my home really worth? Understanding property valuationsBefore you market a property for sale, understanding its value in the current market is the most important preparation you can make.
Void periods explained: How to minimise empty rental months
Void periods explained: How to minimise empty rental monthsA void period is the time between one tenancy ending and the next beginning, during which the property generates no income.
Breaking down the property chain: How it really works
Breaking down the property chain: How it really worksWhen you buy or sell a home in the UK, you are likely to hear the phrase property chain.
