With an online auction, the seller can save money on renovations and beautification. This process will mean there is no inspection or appraisal, or any type of marketing necessary. It is a faster process that takes less effort and can fetch you a fair price.  The other options like using a real estate agent or selling it yourself with your ads. This is a long process that involves having to devote a lot of time and effort. Besides this, it is also a slower process. However, you dictate the price of the property and whom you sell it to