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Auction Advantages

 

Advantages to the seller

• Buyers come prepared to buy
• Quick disposal reduces long-term carrying costs, including taxes and maintenance
• Eliminates drawn out and often tricky negotiations
• Satisfies need to sell quickly
• Exposure to hundreds of thousands of targeted buyers
• Creates urgency “now or never” atmosphere for buyer
• Known date of sale and closing
• Assurances that property will be sold at true market value
• Provides a proactive and aggressive alternative to traditional selling methods
• Cash terms/ no financing or other contingencies to sale
  
  

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Advantages to the Buyer

• Motivated sellers
• Buyers determine the purchase price
• Buyers know they are competing fairly & on the same terms as all other buyers
• Auction eliminates long negotiation process
• Purchasing and closing dates are known
• Fast & Hassle free transactions