Thousands of property owners across the UK choose to sell by auction every year for a huge variety of reasons.
Reasons to sell your property by auction include but definitely aren't limited to:
1. Speed - most auction sales are completed and exchanged within 28 days
2. Legally binding - contracts are exchanged on the fall of the gavel, this makes it very unlikely that buyers will pull out, or try to renogotiate their buying price
3. You might get a better price - for certain properties, you may end up getting more for the property at auction compared to an estate agents
if you're interested in the myriad of other reasons to sell at auction, contact your local auction house team.
Reasons to choose auction include the speed and certainty that it offers; there is no faster way to sell and success rates through to completion are far higher than through estate agents. Other attractions are that it delivers a legally binding sale with contracts exchanged on the fall of the hammer, so neither party can pull out of the sale or try to renegotiate the price. The competitive bidding process aims to drive the price up so the property achieves its best possible price on the day too.