Benefits of Auction

  • 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