Seller Benefits
- Auctions work with current REALTOR-listed properties.
- An auction sells properties "as-is" without Seller's repairs.
- An auction requires that potential buyers be registered and qualified with certified funds on the day of the auction so only serious buyers are bidding.
- Auctions accelerate the sale.
- An Auction provides quick disposal and reduces long-term carrying costs, including taxes & maintenance.
- The seller sets the terms and conditions of the sale.
- The seller can plan, select and know the date they want to sell.
- An auction is an aggressive, advanced marketing program that increases potential interest in and awareness of a property.
- An auction generates excitement and heightens buyer interest.
- An auction brings interested buyers to a point of decision -- they must act now or lose an opportunity to purchase the property.
- Auctions create competition among buyers. Consequently, the auction price can exceed the price of a negotiated sale.
- An auction simplifies the seller negotiation process.
- A Seller is able to obtain liquidity, free up capital and move on to other investments or property decisions.
- Auctions are excellent 1031 exchange vehicle.
Non-refundable deposits virtually eliminate problems of buyers falling out of escrow or delays.