Selling a house through a public auction offers several benefits. Firstly, it ensures a transparent process, attracting serious buyers who are ready to compete, potentially driving up the final sale price. The competitive bidding environment can often result in a quicker sale compared to private sale, reducing time on market and uncertainty. Additionally, auctions create a sense of urgency among buyers, encouraging prompt decision making. In short, public auctions can streamline the selling process, offering efficiency, transparency, a clear time line and often a favourable financial outcome for sellers.
Conversely, private sale can offer greater control of the sale process, including setting the price and choosing buyers, leading to a less pressured environment for the seller to negotiate at their own pace. Private sale also avoid the public exposure of an auction, which can be appealing to some sellers. Additionally, private sale can attract a broader range of buyers including those who may be deterred by the auction process, or who need to negotiate terms such as a finance clause.
If you are thinking of selling we will talk through the best method of sale for your home and circumstances.
