There are many benefits to the Seller with the Auction Method of Marketing:

  • Seller knows exactly when the property will sell and close
  • Buyer signs a no contingency contract to close within 30 days
  • Creates competition among buyers… auction price can exceed the price of a negotiated sale
  • The aggressive marketing campaign increases interest and visibility
  • Buyers come prepared to buy
  • Assurance that the property will be sold at true market value
  • Property is sold “As is”/”Where is”; no seller warranties
  • Fast selling time reduces long term carrying costs, including interest, taxes, insurance, and maintenance
  • Seller pays no commission
  • Takes seller out of the negotiation process
  • Eliminates numerous and unscheduled showings
  • Properties can be sold away from the property where there are many buyers bidding on multiple properties in a comfortable setting