A good auction property is one that:

• has a seller in a time sensitive situation and requires a sale in a certain time frame
• has some equity in it
• is an asset the seller wants to free up capital on so he/she can move on to other investments
• where the property is difficult to appraise thereby requiring competitive bidding to establish the fair market value of the property

A good auction opportunity is one where the property seller is an auction-minded and motivated:

• seller is confident in their property’s value and knows it will bring a fair market price
• seller has a enough equity in the property to allow an absolute or low minimum auction
• the seller has high carrying costs associated with the property

A good auction opportunity is one where the real estate market and/or buyers are changing:

• there is a limited supply of your property type with strong buyer demand (i.e. water front property), or
• there is a flat or declining market with little buyer interest for traditional property sales