Auctions
Auctions are the riskiest methods of all. You set up a minimum price and let people put the price on your house. The initial selling price should not be so high so as to discourage bidding but should not be so low that buyers can take advantage of the seller. Done the right way, it can be an excellent way to market property. It also lets the seller know exactly how much people are willing to pay for the quality of his property. Buyers however should caution not to be caught in the auction mentality and to give the place an inspection prior to bidding.