Benefits to the Buyer

• Properties are usually purchased at fair market value through competitive bidding
• The buyer knows the seller is committed to sell
• 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 a due diligence packet

Benefits to the Seller

• Buyers come prepared to buy
• Quick disposal reduces long-term carrying costs, including taxes and maintainance
• Assurance that the 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
• 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 negotiaton process
• Ensures an aggressive marketing program that increases interest and visibility