Why Sell At An Auction?

– Pre-qualified bidders come prepared to buy
– Pre-defined sale and closing dates
– Seller determines the terms and conditions of the sale
– Real estate auctions reveal the true market value of a property
– Property is sold “as-is, where-is” with no contingencies
– Competitive bidding environment created among buyers
– The time-line is clearly defined and generally requires only 4-6 weeks of marketing
– Sale prices can often exceed expectations because of the competitive auction environment
– Commissions are paid by the buyer in the form of a buyer’s premium
– Reduces long-term carrying costs, including taxes & maintenance
– Ensures an aggressive marketing program that increases interest and visibility
– Closing usually takes place 30-45 days from auction event
– Closing coordinator stays fully involved as a liaison between buyer and seller to assist with closing details

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