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 Auctions reduce time to purchase property Purchasing and closing dates are known Buyers receive comprehensive information on property via due diligence packet Auctions eliminate long negotiation periods Buyers determine the purchase price.


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 that date and time Buyer pays many Seller costs i.e. commission, pro-rated taxes etc. 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 Ensures an aggressive marketing program that increases interest and visibility 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.


Benefits to the Realtor:
Generates a list of ready, willing, prepared, and qualified buyers Offers clients and customers new selling and purchasing options Increases revenue and market share Develops your own market niche Assurance that property will be sold Property is sold within a relatively short period of time Exposes the property to many potential purchasers Auctions attract people to look at all your listings, not just the auction listing Successful auctions result in referrals and repeat business Agents will earn commissions..