Why Sell at Auction?

Justice is seen to be done in the public domain

Overt competition leading to bidders paying their highest possible price

Buyer beware – no suspensive conditions

Deal done (missives concluded) on hammer’s fall

Economies of scale on the marketing budget

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

High profile effective marketing within a short time span

New interest in “tired” properties

Pre and post Auction sales based on the Articles of Roup

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

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