Conditional Auctions 

What Is a Conditional Online Auction?

A conditional online auction combines the transparency of auction with the flexibility of a defined exchange period.

Rather than exchanging contracts immediately at the fall of the hammer, buyers and sellers enter a reservation period once the auction ends. This gives both parties time to complete legal and financial arrangements, while maintaining commitment through a reservation agreement.

Key features include:

• A clearly defined reserve price set by the seller

• Competitive bidding in real time

• A reservation agreement that reduces fall-through risk

• A structured route from auction to exchange and completion

This approach offers a more balanced solution for modern property transactions.

A Better Option for Sellers

For sellers — particularly landlords — conditional auctions can provide:

• A faster, more structured sale process

• Greater certainty once a buyer is secured

• The ability to sell tenanted properties without disruption

• Continued rental income up to completion

By preparing key information upfront and attracting informed bidders, sellers benefit from clearer timelines and reduced uncertainty.

A Clearer Path for Buyers

For buyers, conditional online auctions offer:

• Transparency before bidding

• Access to legal packs upfront

• Defined timescales to exchange

• Reduced risk of gazumping or late withdrawals

This structure allows buyers to bid with greater confidence and plan their purchase more effectively.

Our Approach at Opal Property Auctions

At Opal Property Auctions, we specialise in conditional online auctions designed for today's property market.

We work with landlords, investors, and property professionals to provide a transparent, structured route to buying and selling property — particularly where certainty, timing, and continuity of income matter.

Our focus is on:

• Clear communication

• Upfront information

• Defined processes

• Better outcomes for all parties involved