How it works
The property is marketed online with guide pricing, a bidding window and terms that buyers must review before placing bids.
Auction resource
Modern Method of Auction Guide
Modern online auction combines digital bidding, verified buyer checks, reserve control, legal-pack review and a structured post-auction process.
Buyer and seller guide
Search with confidence before you bid or sell.
Letterbox presents auction lots with the information serious buyers need before competing: guide price, countdown, legal documents, reserve status, bid history and bidder registration controls. Sellers get a structured route to market with professional presentation and clear auction milestones.
Why sellers use it
Sellers may value the timetable, reserve protection and competitive process compared with repeated private negotiations.
What buyers must do
Buyers should verify their account, review documents, understand fees and confirm funding before bidding.
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