Seller's Benefits:
· Real estate auctions offer the seller another option
· Auctions create competition among buyers. Consequently, the auction price can exceed the price of a negotiated sale.
· An auction generates excitement and heightens buyer interest.
· An auction creates the most exposure in the shortest period of time and accelerates sales.
· Requires that potential buyers be registered and qualified with certified funds on the day of the auction.
· Eliminates high seller carrying costs -- such as interest, taxes, and maintenance.
· Auction brings interested buyers to a point of decision -- they must act now or lose an opportunity to purchase the property.
· Auction is a true market forum.
· A seller can plan and select the date they want to sell. They control the sales process.
· A seller sets the terms and conditions of the sale while maintaining control of the property throughout the auction.
· Auction eliminates numerous and unscheduled showings.
· Auction takes the seller out of the negotiation process.
· Auction is an aggressive, advanced marketing program that increases potential interest in and awareness of a property.
• A Seller is able to obtain liquidity, free up capital and move on to other investments or property decisions.