Real Estate auctions
Why Sell At Auction?
Because it is.....Fast & Effective
Traditionally, the sale of real estate involves a prolonged marketing period that usually cost the seller months of taxes, utilities, insurance, maintenance, interest and hours of negotiation and worry. These cost are often priced into the "Value" of real estate, benefiting neither the Buyer or Seller but actually costing everyone.
Reduced List to close time!
Because the......Seller is in Control
By marketing real estate at auction, it insures an efficient and timely sale, greatly reducing the costs and increasing the NET value realized by the seller. The Terms and Conditions can be specified by the Seller therefore, controlling everything from closing date to warranties and guarantees.
Closing time averages 14 -30 daysdays
More BENEFITS TO THE SELLER:
* 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
* If your property is listed, have your Realtor call us and we take care
of the details
* 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
BENEFITS TO THE BUYER:
* 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
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