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
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
