| Typical Timeframe |
6–9 months |
As little as 7 days |
Around 28 days |
| Speed of Sale |
Slow – dependent on market and buyer chain |
Fastest – direct cash purchase |
Moderate – dependent on auction date |
| Certainty of Sale |
1 in 3 sales fall through |
100% certainty once offer accepted |
Sale only guaranteed if reserve met |
| Costs Involved |
- Estate agent fees (1–3%)
- Conveyancing (£1,500–2,500)
- EPC renewal (£60–100)
- Maintenance/upgrades
- Mortgage payments during listing
|
- No estate agent fees
- No legal fees (saving £3,000–£5,000)
- Immediate arrears settlement
|
- Auction house fees (up to 6%)
- Conveyancing/legal pack
- Reserve price discount (often 15% below market value)
|
| Buyer Type |
Open market buyers, chains, investors |
Direct professional cash buyer |
Public bidders (investors, landlords) |
| Flexibility |
Limited – tied to market conditions |
Highly flexible – quick completion, no chain |
Medium – depends on auction schedule |
| Best For |
Sellers with time to wait and seeking full market value |
Sellers who absolutely HAVE to sell with a guaranteed sale and no STRESS |
Sellers looking for faster sale but willing to accept lower price |
| Key Benefits |
- Potentially higher price
- Open market exposure
- Professional marketing
|
- Completion in 7 days
- No chain breaks
- Zero fees
- Guaranteed sale
- No viewings required
|
- Completion within 28 days
- Transparent bidding process
- No negotiation needed
|
| Stress |
Very stressful and unpredictable |
Total STRESS FREE |
Stressful and full of uncertainty as it may still not sell on auction day |
| Things to Watch Out For |
- Long timelines
- High probability of buyer pulling out of the sale, wasting weeks if not months of time
- Ongoing holding costs
|
- Must verify buyer is a member of the National Association of Property Buyers (NAPB)
|
- Fees and reserve pricing can reduce final return
- Specialised knowledge required for selling at auction
|