How many auction methods are there and which is the best one to use?
The surest way to ensure a sale is to auction “Absolute” Through an absolute auction you will generate the ultimate competition, which will lead to the strongest dollar offer for your property. Another method is the “minimum bid” auction that allows you, as the seller to get a floor price. The third method is the “reserve bid” auction, which enables you to accept or reject any or all offers.

When will the auction be held?
An advantage with the auction method is that the seller has right to choose the date and time of their own auction, instead of waiting around for an offer. One of the reasons auctions are so effective is that your property is exposed to a wide variety of potential buyers on a set sale day. Don’t lose precious time sitting around waiting for your property to sell itself

Where will the auction be held?
Most auctions are held on site. By being on site, the bidders are constantly reminded of the positive features associated with that particular property, which in turn might encourage a higher bid.