Has anyone sold their property on auction?

[Jamika11]

We are trying to sell our leasehold flat since last June. The solicitors and managing agent take ages to respond to queries. We have lost a buyer and the house we wanted to purchase in January after waiting for 6 months. Found another buyer in February but the situation is repeating. Its already June and no sign of exchanging anytime soon. For example the buyer solicitor is now asking for new management pack (another £400 for us to pay) as the previous one is too old. It was sitting on their desk for months. They are dragging their feet, emails are going to the wrong address, same information is asked again, managing agent is on holidays and no one else is available etc. I am on a phone with agent, solicitor and managing agent on a daily basis. We are stuck with a baby and a toddler in a one bedroom flat. I can't describe the stress I am going through, I can't sleep, can't focus on the kids. Seems that no matter how nice is the flat, how many buyers I find, we won't be able to sell, just wasting time and money. Can't bring up a family in such a tiny space. In my desperation I was thinking about selling it on auction. Does anyone have experience? If so what are the pros and cons?

I've not but if you are within the M25 have a look at a company called Nested. They are a slightly different estate agent that breaks chains and guarantees to sell your house (you pay for it but no where near as much as you would with a "We Buy Any Home" type place).
We went through the process with them up to signing the contract but didn't go through as our chain finally exchanged. But I'd recommend them (I don't work for them!).

Not sold but purchased mine at an auction in London last September. FYI most people who attend are looking for bargains and typically are paying cash for a property for investment purposes and expect to see deep discounts.

You can set your minimum you want but for the house I bought was expected to start at around £30,000, no opening bids and finally auctioneer opened up at £7,000 and I ended up the winner at £15,500 for a huge 2 bedroom house in the NE.

You should find out what fees you would be liable for if no bids and you tried that route. Contacting the auction companies will give you a realistic idea of what they feel the property should bring at auction based on previous sales.

Can you rent your flat out and go and rent a different place to live in? Sometimes you can sell with a tenant in situ, if an investor buys it?