Auction Advantages

SELLER BENEFITS

Auction advantages photo

  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes and maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyer—auctions price can exceed the price of negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showing
  • Ensures an aggressive marketing program that increases interest and visibility
BUYER BENEFITS
  • The buyer knows the seller is committed to sell
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers