b'There are several reasons why you might buy a property through conditional auctionUnlike traditional auctions, online conditional auctions allow for a longer timescale for the exchange and completion of contracts. This means that you have more time to carry out due diligence, engage with solicitors, and secure finance for a mortgage if necessary.Many properties sold at online conditional auctions are chain-free, which means that the purchase is less likely to fall through due to complications in the chain.Most of the legal and conveyancing documentation is prepared prior to the auction going live, which can speed up the process of buying a property.The exchange of contracts does not occur immediately at the end of an online conditional auction. Instead, there is a Reservation Agreement between the buyer and the seller which guarantees an exclusivity period.'