Trying to sell your property quickly? Two common options are fast house sales and property auctions. But which one is better for your situation?
Let’s compare them.
Speed
Fast House Sale: Completion in 7–14 days
Auction: Typically 6–8 weeks from listing to completion
Winner: Fast house sale
Control Over Pricing
Fast Sale: You get a direct offer, usually 80–90% of market value
Auction: You set a reserve price, but the final bid may vary
Winner: Tie – depends on your risk tolerance
Costs
Fast Sale: No fees in many cases (like with K&G Lettings)
Auction: Seller usually pays listing and legal pack fees (around £1,000+), plus commission
Winner: Fast house sale
Certainty
Fast Sale: One buyer, cash ready, no fall-throughs
Auction: Sale only happens if the reserve is met—and buyers can still pull out before completion
Winner: Fast house sale
Suitable Property Types
Both work well for:
Problem properties
Inherited homes
Landlords selling with tenants
Houses needing renovation
But auctions may take longer to attract the right bidders.
Conclusion
While auctions can work for some, quick house sales are generally more reliable, faster, and often more financially straightforward—especially when working with a professional company like K&G Lettings Limited.