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