Why Sell At Auction

Reason No. 1: It's a quick sale

An auction affords property owners the opportunity to dispose of property now at today's prices, rather than tomorrow's prices. Time is money. Depending on reinvestment rates, $190,000 or even $200,000 today is likely more valuable than $250,000 next year. The time value of money is of major concern to any seller. The abbreviated marketing time and the potential for quick sale will substantially…

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Real Estate Auction Marketing Advantages: For the Buyer

  • Purchase property at fair market value
  • Never has to worry about paying too much
  • Eliminates long negative haggling negotiation periods
  • Reduce time to purchase property
  • Gain confidence as they compete
  • Do not have to worry about contingencies because purchasing and closing dates are known
  • Feel better about a purchase - just knowing there is a contending bid just one increment under purchase price
  • Buyers know property owners are motivated…
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Real Estate Auction Marketing Advantage - Seller Benefits

  • Never has to worry about Selling Too Cheap
  • Offers the Seller another option
  • Creates competition among buyers-Auction Price can exceed the price of a negotiated sale. An auction generates excitement and heightened buyer interest.
  • Exposes the property to a large number of pre-qualified prospects
  • Requires that potential buyers pre-qualify for loans
  • Property is Sold As Is, Where Is and How Is without contingencies
  • Accelerated sales-the property can sometimes be…
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