seller benefits
Auctions...
- offer the seller another option
- create the most exposure in the shortest period of time, and accelerate sales
- create competition among buyers, with auction prices sometimes exceeding the price of a negotiated sale
- require that potential buyers be registered and qualified with certified funds on the day of auction
- bring interested buyers to a point of decision...they must act quickly or lose the opportunity to purchase the property
- eliminate high seller carrying costs...interest, taxes and maintenance
- allow the seller to plan and select the date they want to sell
- eliminate numerous and unscheduled showings
- take the seller out of the negotiation process
- allow seller to obtain liquidity, free up capital, and move on to other investments or property decisions