Why Sell at Auction?

The sale of real estate at public auction has increased dramatically in recent years. Industry experts predict that more than $60 Billion worth of real estate will be sold at auction this year. The reason for the increase is simple- Auctions Work! Auctions are exciting events that create a sense of urgency and compel buyers to act rather than sit back and wait for price reductions.

Auctions dramatically accelerate the sales process. Our intensive marketing campaign focuses the buyer’s attention on your property in a relatively short period of time. While traditional real estate marketing efforts can take months or even years, the auction method compresses the process and allows sellers to name their date of sale. Auctions also eliminate the lengthy offer process and move directly to a binding purchase and sale agreement on your terms. There are no further negotiations and there are few, if any, contingencies involved.

Here are a few more reasons why offering your property for sale at auction might make sense for you….

• You will pay no commission
• Auctions seek the highest price with no limit on the upside
• Sale with no contingencies. The buyer cannot come back after the auction and negotiate with the seller to make repairs or reduce the price.
• Auctions receive the maximum exposure in the marketplace. We will be spending tens of thousands of dollars promoting this auction.
• Sale is subject to your approval-if a bid is too low then you simply don’t accept it.
• The entire brokerage community is involved in the process. Because we cooperate with both listing and buyer brokers, you will effectively have all of the area brokers working for you on the day of the auction.