FAQs about selling at auction

An auction is one of the fastest ways to sell property. Marketing runs for 3-4 weeks, with completion taking place shortly after the auction, often within 20-28 days, depending on the terms of sale.

Selling by auction offers speed, certainty, and transparency. Competitive bidding can help achieve the best possible price, and once the hammer falls, the sale is legally binding, reducing the risk of delays or fall-throughs. 

The guide price indicates the bidding start price. It is not the final sale price and may be set below market value to attract interest and encourage competitive bidding. The property can sell above or below the guide price, but not below the agreed reserve. 

We sell many property types at auction, including residential, commercial, mixed-use, tenanted properties, land, and properties requiring refurbishment. Auctions are particularly effective for properties with high demand, development potential, or when you need a quick sale.

If the property does not reach its reserve price, it may still sell after the auction. Many buyers remain interested, and post-auction negotiations often lead to a successful sale on agreed terms.