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SELLING ON AUCTION IS EASY

The great thing about auctions is that they are not only suited to competitive markets. If you want to sell your home at true market value, and quickly, then an auction can help you do this. If the market is slow, it’s easy for your house to sit on the market for months at a time, which is a seller’s worst nightmare.

 Auctions are a more convenient way to sell

Simply put, auctions are just an easier and more convenient way to sell your house.

Selling with an estate agent is notoriously stressful, difficult, and frustrating. (To be fair, this isn’t just the estate agent’s fault! The property market as a whole is so dysfunctional, it’s no wonder that estate agents struggle to deliver a convenient service!)

We analysed the reviews left by 52 customers who had sold their property by auction. almost all cited the convenience as one of main benefits. Here’s a typical example: 

You’re in control of an auction sale

Lady relaxing on a beach - she's in control of her house sale!
When you sell through an estate agent you’re at the mercy of everyone else… But with auctions you’re in control.

When you’re selling through an estate agent everything is up in the air. There are no set timeframes and no one’s really tied to doing anything.

This means things can drag on indefinitely. You end up feeling completely at the mercy of the process, with no control over any aspect of it.

Auctions work differently:

  1. Property auctions work to set timeframes, and
  2. They work based on set prices.

Auction timeframes are set out in advance

From the moment the advertising for the property starts, there’ll be a fixed auction date at some point in the future. This is usually 3 or 4 weeks later. Every buyer looking at the property knows the date.

For you as a seller, this means that you know the date you expect to be sold by.

Furthermore, if the property does sell on that date, then the eventual completion date is set out as well.

This means that the completion date can’t slip back indefinitely the way that it does with estate agent sales. The buyer, lawyers, and any bond lender who’s involved all know that there’s a legally-binding date they all have to hit.

Because it’s all set out in stone like this, you know for sure what will happen, and when.

This gives you a feeling of control over the process, and you know that things will happen without you having to constantly “chase” them.