FOR THE SELLER
- Aggressive marketing targets large numbers of prospects resulting
in a fair market return.
- No extensive negotiations are involved!
- Your prospects are genuine buyers able to purchase without contingencies!
- You set the date, time, terms and conditions to suit your needs.
- Auctions act as a catalyst to encourage buyers to act quickly
and assess the benefits and advantages. They must act immediately
or lose their opportunity.
- You don't have to establish a ceiling value by pre pricing. Give
yourself the opportunity to achieve a higher price through stimulated
competition.
- Auctions are the fastest, most efficient method of selling.
- An auction is an arms length transaction that is open to the public
allowing all interested parties to participate. It is the fairest
method.
- AN AUCTION GENERATES IMMEDIATE CASH!!!
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FOR THE BUYER
- Auctions bring out the best in buyers because they are held in
public, not behind "closed doors" negotiations.
- It eliminates haggling and sometimes long, fruitless negotiations.
- Reduces time; much faster than conventional method of purchasing.
- Builds confidence due to competition - bidding on other people's
judgment.
- People feel better about their purchase knowing there was a contending
bid just under the purchasing price.
- Auctions take the guesswork out of financing because the buyer
is already pre-qualified.
- The buyer is competing with another buyer and not with the seller.
- Due to the spotlight placed on an auction property, "looking
time" for a buyer is reduced.
- Contingencies are eliminated. The buyer knows when he's
going to buy and when he's going to close.
- Someone with some expertise has reviewed questions of ownership
and liens. Titles are transferred correctly.
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