Despite the data, auctions still carry an outdated reputation as a dumping ground for problem properties. This ignores the reality reserve prices are regularly exceeded, competitive bidding delivers open-market value, and the process removes the uncertainty that plagues traditional transactions, gazumping, chain failures, renegotiations and unexpected delays. Timescales are shorter, contracts more binding and outcomes far more predictable.
How auction can turn probate problem properties into homes for living
