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Auction Advantages / Seller Benefits

  • Offers seller another option.

  • Requires the buyers to pre-qualify for loans.

  • Creates competition among buyers – auction price can exceed the price of a negotiated sale. An auction generates excitement and highlights buyer interest.

  • Exposes the property to a large number of pre-qualified buyers.

  • Accelerates sale.

  • The seller knows exactly when property will sell.

  • A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction, and actively participates in the sale process.

  • Auction reduces the time the property is on the market.

  • Eliminates high seller carrying cost – such as interest, taxes, maintenance, etc…

  • Auction brings buyers to a point of decision – they must act now or lose the opportunity to purchase.

  • Auction eliminates numerous and unscheduled showings. 

  • Auction takes seller out the negotiating process.

  • Auction is an aggressive, advance marketing program that increases potential interest in and awareness of a property.

  • Seller is able to obtain liquidity.

  • Seller is able to move on to other investments and free up capital.

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