Selling
at auction offers a number of
significant advantages:
1.
The seller controls
all aspects of the sale and there
are no contingencies.
Negotiations about price, terms and
deal-killing contingencies are
eliminated.
2.
Auction marketing is
comprehensive and effective.
A well-designed auction marketing
program will generate abundant
interest in a short time, and is far
more effective than a traditional
listing
3.
Auctions produce
faster sales, reduced carrying costs
and higher profits.
The seller controls
the auction date and the closing
deadline so the entire process can
happen quickly and on schedule.
4.
Auctions avoid the risk of
under-pricing. An auction allows
bidders to establish the true market
value of a property, even if it is
higher than the listing price might
have been.
5.
An
auction sale is more likely to close
quickly and successfully. Only
serious and qualified bidders are
likely to bid, as a winning bidder
without the financial wherewithal
needed for closing will lose his or
her deposit.
For
these reasons and many others,
real estate auctions are the
preferred method of selling real
estate in many parts of the
country and the world.
