Advantages of Auction Sale
Predefined sale and closing dates
Plans can be made for the future. Timing is a crucial element in today’s marketplace.
Seller defined terms & conditions The Seller controls the sale process, and is not subjected to buyer imposed conditions.
Pre-qualified buyers: Non-refundable cash deposit The successful bidder has a financial incentive to close.
“AS-IS” “non-contingent” Buyer pays fees & closing costs The sale is not subject to inspection results, financial contingencies or other issues, which cause traditional sales to fall out of escrow.
Competitive bidding environment There is no limit as to how much the properties may sell for and pricing is ultimately determined by buyer emotion.
Dynamic marketing exposureThe properties will benefit from exposure, not typical to traditional real estate sales, as all promotional efforts focus around a specific sale date and create a sense of urgency.