Buyers come prepared to buy
Smart investments are made as properties are usually purchased at fair market value through competitive bidding
Generates a list of ready, qualified buyers
Quick disposal reduces long-term carrying costs, including taxes & maintenance
The buyer knows the seller is committed to sell
Offers clients and customers new selling and purchasing options
Assurance that property will be sold at true market value
In multi-property auctions the buyer sees many offerings in the same place at the same time
Increases revenue and market share
Exposes the property to a large number of pre-qualified prospects
Buyers determine the purchase price
Develops your own market niche
Accelerates the sale
Auctions eliminate long negotiation periods
Assurance that property will be sold at true market value
Creates competition among buyersauction price can exceed the price of a negotiated sale
Auctions reduce time to purchase property
Property is sold within a relatively short period of time
Requires potential buyers to pre-qualify for financing
Purchasing and closing dates are known
Exposes the property to many potential purchasers
The seller knows exactly when the property will sell
Buyers know they are.
competing fairly and on the same terms as all other buyers
Auctions bring people in to look at all your listings, not just the auction listing
Eliminates numerous and unscheduled showings
Buyers receive comprehensive information on property via due diligence packet
Successful auctions result in referrals and return business
Takes the seller out of the negotiation process
Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
Ensures an aggressive marketing program that increases interest and visibility