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Auction Advantages / Seller Benefits
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Offers seller another option.
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Requires the buyers to pre-qualify for loans.
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Creates competition among buyers – auction price can exceed the price of a negotiated sale. An auction generates excitement and highlights buyer interest.
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Exposes the property to a large number of pre-qualified buyers.
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Accelerates sale.
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The seller knows exactly when property will sell.
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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.
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Auction reduces the time the property is on the market.
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Eliminates high seller carrying cost – such as interest, taxes, maintenance, etc…
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Auction brings buyers to a point of decision – they must act now or lose the opportunity to purchase.
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Auction eliminates numerous and unscheduled showings.
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Auction takes seller out the negotiating process.
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Auction is an aggressive, advance marketing program that increases potential interest in and awareness of a property.
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Seller is able to obtain liquidity.
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Seller is able to move on to other investments and free up capital.
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