Is the modern method of Auction a scam?

Is the Modern Method of Auction a Scam? Here's the Truth! In this eye opening video, Dan Marsden, property expert and auctioneer, takes a critical look at the modern method of auction and its impact on property sales. He explains why this approach may not be the best choice for your clients, particularly when dealing with unmodernised properties, and how it could ultimately lead to missed opportunities. Dan dives into why the modern method, often marketed as a quick and convenient option, may actually be rewarding failure, with agents and platform providers benefiting when sales fall through. He also highlights the stark contrast with traditional auctions, which offer more certainty, transparency, and a legally binding commitment from buyers. If you’re an estate or letting agent looking to ensure the best outcome for your clients, this is a must watch. Tune in and share your thoughts in the comments below!