Benefits To Sellers

• Offers the seller another option.
• Creates competition among buyers--auction price can exceed the price of a negotiated sale!
• An auction generates excitement and heightens buyer interest.
• Exposes the property to a large number of qualified buyers while eliminating numerous and unscheduled showings.
• Eliminates high seller carrying costs such as interest, taxes, maintenance, etc...
• Reduces the time property is on the market
• Auction brings buyers to a decision point--they most act now or loose an opportunity to purchase.
• Seller knows when the property will sell.
• Seller obtains rapid liquidity!

Benefits To Buyers

• Purchase the property at fair market value
• Eliminates long negotiation periods.
• Knows sellers are motivated to sell
• Do not have to worry about contingencies because purchasing & closing dates are known
• Gain confidence as they compete.
• Feel better about purchase - by knowing that there was a contending bid just one increment under the purchase price.
• Buyer knows that property owners are selling at the lowest price possible.
• Reduce time to buy property.