- Pre-qualified bidders come prepared to buy
- Pre-defined sale and closing dates
- Seller determines the terms and conditions of the sale
- Real estate auctions reveal the true market value of a property
- Property is sold “as-is, where-is” with no contingencies
- Competitive bidding environment created among buyers
- The time-line is clearly defined and generally requires only 4-6 weeks of marketing
- Sale prices can often exceed expectations because of the competitive auction environment
- Commissions are paid by the buyer in the form of a buyer’s premium
- Reduces long-term carrying costs, including taxes & maintenance
- Ensures an aggressive marketing program that increases interest and visibility
- Closing usually takes place 30-45 days from auction event
- Closing coordinator stays fully involved as a liaison between buyer and seller to assist with closing details
