The buyer can also benefit greatly from the Auction Method of Marketing including:
-
Buyers determine the purchase price
-
Smart investments are made as properties are purchased at fair market value through competitive bidding
-
The buyer knows the seller is fully committed to sell
-
In multi-property auctions, the buyer can view many properties at the same time
-
Auctions eliminate long negotiation periods
-
Auctions reduce time to purchase property
-
Purchase and closing dates are known in advance
-
Buyers know they are competing fairly and on the same terms as all other buyers
-
Buyers receive comprehensive information on the property via the due diligence packet
