Why Sell at Auction?

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Justice is seen to be done in the public domain

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Overt competition leading to bidders paying their highest possible price

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Buyer beware – no suspensive conditions

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Deal done (missives concluded) on hammer’s fall

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Economies of scale on the marketing budget

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The vendor is able to “stand aside” by having control of the Auction through the Special Conditions of Sale

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High profile effective marketing within a short time span

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New interest in “tired” properties

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Pre and post Auction sales based on the Articles of Roup

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Annual target achieved and a phased programme of sales completed within a predetermined timescale

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For a useful guide to auction sales and procedures visit www.rics.org