Seller Benefits

•  Buyers come prepared to buy
•  Quick disposal reduces long-term carrying costs, including taxes & maintenance
•  Assurance that property will be sold at true market value
•  Exposes the property to a large number of pre-qualified prospects
•  Accelerates the sale
•  Creates competition among buyers–auction price can exceed the price of a negotiated sale
•  Requires potential buyers to pre-qualify for financing
•  The seller knows exactly when the property will sell
•  Eliminates numerous and unscheduled showings
•  Takes the seller out of the negotiation process
•  Ensures an aggressive marketing program that increases interest and visibility

Buyer Benefits

•  Smart investments are made as properties are usually purchased at fair market value through competitive bidding
•  The buyer knows the seller is committed to sell
•  In multi-property auctions the buyer sees many offerings in the same place at the same time
•  Buyers determine the purchase price
•  Auctions eliminate long negotiation periods
•  Auctions reduce time to purchase property
•  Purchasing and closing dates are known
•  Buyers know they are competing fairly and on the same terms as all other buyers
•  Buyers receive comprehensive information on property via due diligence packet