“Buying a property at an online auction is largely the same as buying in the room — but very different from buying on the open market through a traditional estate agent.
Auction lots can go from marketing to completion in about 56 days. On the open market, a property sale can take up to six months.
Anonymity is another appeal, said Stuart Collar-Brown from the online company My Auction, and some people may feel more confident away from the “high energy, adrenalin-filled, shouty environment” of an auction room. Here’s what to expect.” – The Times