While negotiating a sale one-on-one remains the predominant way to sell residential properties, auction sales have become a popular method for selling real estate.  Once used only for troubled properties and dire situations, the auction method of identifying a ready buyer for a property is gaining ground and the benefits to buyers, sellers and brokers are numerous.

BUYER BENEFITS: 

• Eliminating the long negotiating process
• Knowing the purchasing and closing dates of the property
• Competing fairly and on the same terms with all other buyers

SELLER BENFITS:

• Realizing a quick sale that reduces long-term carrying costs
• Eliminating the need for numerous unscheduled showings
• Eliminating or reducing the delays caused by contingencies
• Knowing just when the property will sell

BROKER BENEFITS:

• Assuring that the property will sell in a short period of time
• Concentrating marketing to ensure that interested buyers are all informed
• Receiving referrals and new sources of buyers from successful auctions
• Offering clients another option for selling or buying
• At the conclusion of the auction you will have a list of qualified prospects
• Since there are no contingencies, there are no prolonged negotiations as in a conventional transaction
• Your image as a cutting edge, full service firm is greatly enhanced
• You can name a date of sale for your client