Auction Benefits for Sellers
- Creates competition among buyers
- Stimulates the market and increases buyer Interest
- Accelerated marketing program increases buyer interest and awareness of the property
- Exposes the property to a large number of pre-qualified prospects
- Requires that potential buyers pre-qualify for loans
- Property sold “as is” without contingencies
- Eliminates high seller carrying costs (utilities, maintenance, etc.)
- Accelerates the sale; the property can be sold within 30-60 days of listing
- Can elicit pre-auction offers on the property
- Reduces the time property is on the market
- Seller knows exactly when the property will sell
- Brings interested buyers to a point of decision where they must act now or lose the opportunity to purchase
- Takes the seller out of the negotiating process
- Seller sets the terms and conditions of the sale and maintains control of the property
- There is no seller-paid commission (the buyer pays our commission in the form of a buyer’s premium)