What are the pros and cons of selling my home at auction?

You have several options when deciding to sell your home, including at auction. The process is fairly straightforward because the auctioneer will handle most of the work, but there are several crucial pros and cons that you need to know before deciding whether to proceed with auction.

4.91 Rating288 Reviews

Call 020 7183 3022 for your FREE sale price estimate

Selling your home at auction: three frequently asked questions

When homeowners are trying to decide between selling their property at auction or an alternative approach, these are three of their most frequently asked questions:

✅ Will I have to pay fees to sell my home at auction?

Yes. Auctioneers will charge you fees for taking care of the time-consuming and sometimes stressful work involved in listing, marketing and selling the property. Be aware of these fees and understand that you will have to subtract the total amount of fees from whatever final sale price your home achieves at auction.

✅ Am I guaranteed to make more than the minimum bid price at auction?

No. Selling your house or flat at auction has its uncertainties because there is no guarantee or requirement that anyone will bid above the minimum sale bid price. This can be a problem if you need to make more than the opening bid offer that your auctioneer recommended, and that’s why auctioning cannot provide any financial certainty.

✅ If I don't want to sell my house at auction, what are the alternatives?

There are two main alternatives to selling at auction, with the first being taking a cash offer from a reputable property buying company such as LDN Properties. The second alternative is to work with an estate agent who will list and market your home and arrange viewings for it, but you will have to pay estate agency fees often based on the final sale price.

Call LDN Properties for an alternative to selling your home at auction

If you decide against auctioning your home, we can make you a fast and generous offer to buy your house or flat through a simple and stress-free process without any auction or estate agency fees.

Call our friendly team of experts at 020 7183 3022 or click the "Request Offer" button below to learn more about receiving a free no-obligation quote for selling your home.

See what we can offer?

Let us show you what we can pay for your house

We’re rated as Excellent

Reviews.co.uk provide independent reviews from other people just like you!

"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward."Thomas from London

LDN Properties Limited, Linen Hall, 162 Regent St. London W1B 5TD
Company No. 04636129. ICO No. Z7733416. Ombudsman No. D12463.
Copyright 2003 to 2024