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What is a Modern Auction? How does the Modern Auction
work?
A Modern Auction, also known as a Conditional Auction,
is a secure and flexible way to sell properties online. 1. Property is listed online – Your
Unlike traditional auctions, which require immediate property is marketed to a wide audience
exchange and completion within 28 days, a Modern of buyers, landlords, and investors on
Auction allows a longer time frame—giving buyers more YIPUK.com and other major platforms.
time to arrange finances while ensuring sellers receive
competitive bids and a secure sale process. 2. Buyers bid in real-time – Interested
buyers place competitive bids in an
A Modern Auction is ideal for: open, transparent online auction
environment.
• Landlords selling rental properties with tenants in 3. Immediate buyer commitment – The
place winning bidder pays a non-refundable
• Sellers wanting a fast, secure sale with no lengthy reservation fee, securing their intention
negotiations to complete the purchase.
• Investors looking to release equity quickly 4. Flexibility for buyers & sellers – The
buyer has 56 days to complete the
• Homeowners who want to sell without uncertainty
purchase, allowing time to arrange
• Probate or inherited properties needing a mortgages or finances.
guaranteed sale
5. Fast & secure sale – With committed
buyers and a fixed timeframe, your
property sale is secure, efficient, and
stress-free.
