Buying a house through an auction depends on your personal preference, circumstances, and needs at the time. That’s why it’s important to weigh up the pros and cons of private sale vs auction.
Cons of selling a property at auction:
There is no guarantee your property will sell
You may set the reserve too low
Marketing costs may be higher
Pros of selling a property at auction:
You can set a reserve price
You can sell your home quickly and efficiently
Bigger competition among buyers