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