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• 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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