Benefits To The Seller
* Buyers come prepared to buy
* The ability to sell quickly reduces carrying costs
* Property is more likely to be sold at market value
* Quick sales
* Competion at the auction drives up prices
* Highly qualified buyers
* No negotiation process needed
Benefits To The Buyer
* Competitive bidding usually result in a fair market value
* Buyers know the seller is committed to the transaction
* Many properties to choose from in multi-property auctions
* Buyer determines property price
* Elimination of long negotiations
* Property can be bought quickly
* Sale date is known in advance
* Buyers know they are competing in a fair environment with other buyers