Benefits to the Seller
- Buyers want to and are prepared to buy
- Requires potential buyers to pre-qualify for financing
- Accelerates the sale
- Reduces long-term carrying costs, including taxes and maintenance
- Assurance that the property will be sold a true market value
- Exposes the property to a large number of buyers and especially pre-qualified buyers
- Creates competition among buyers – many times the auction price can exceed the price that the seller wanted
- The Seller knows exactly when the property will sell
- Eliminates numerous unscheduled showings
- Takes the seller out of the negotiation process