The advantages to an auction are numerous. An auction is designed to attract genuinely interested, cash-in-hand buyers. Those buyers are focused only on establishing the maximum price they are prepared to pay, not how low their offer should be. You set the terms, conditions and deadline.
You agree on an undisclosed minimum reserve price. There’s also the very real possibility of acquiring a higher price, especially if keen buyer interest promotes competition.
There is even the opportunity to accept offers prior to auction day.
Auction marketing motivates genuine buyers to act. It’s also the least disruptive and intrusive method to sell you property. Most marketing is carried out over a short time (on average less than 30 days).