Benefits to the Seller
- Buyers come prepared to buy
- Quick disposal reduces long-term carrying costs, including taxes & maintenance
- Assurance that property will be sold at true market value
- Exposes the property to a large number of pre-qualified prospects
- Accelerates the sale
- Creates competition among buyers—auction price can exceed the price of a negotiated sale
- Requires potential buyers to pre-qualify for financing
- The seller knows exactly when the property will sell
- Eliminates numerous and unscheduled showings
- Takes the seller out of the negotiation process
- Ensures an aggressive marketing program that increases interest and visibility
Benefits to the Buyer
- Smart investments are made as properties are usually purchased at fair market value through competitive bidding
- The buyer knows the seller is committed to sell
- In multi-property auctions the buyer sees many offerings in the same place at the same time
- Buyers determine the purchase price
- Auctions eliminate long negotiation periods
- Auctions reduce time to purchase property
- Purchasing and closing dates are known
- Buyers know they are competing fairly and on the same terms as all other buyers
- Buyers receive comprehensive information on property via due diligence packet
.jpg)
Naples, FL - Barefoot Beach
A group of investors purchased an oceanfront property in Naples, FL with the intention of remodeling the home and selling it in a rapidly appreciating market. The investors, who ultimately wanted to receive fair market value for the home, found it increasingly...
More...
Edwards, CO - Lake Creek
The owner of this equestrian, mountain home located in the Vail Valley of Colorado had decided it was time to downsize to a smaller, more manageable property due to his increasing age. Having lived at this custom-built property for...
More...
