What is a Real Estate Auction?
How will auction benefit me?
Benefits to the Seller, Buyer, and Real Estate Agent/Broker

Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property -- most certainly including those that are non-distressed -- through open cry, competitive bidding.

Q. How will auction benefit me?
A. The real estate Auction is a win-win proposition for everyone involved.

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 true market value
   * 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
   * 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
   * Ensures an aggressive marketing program that increases interest and visibility.

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
   * Buyers determine the purchase price
   * Auctions eliminate long negotiation periods
   * Auctions reduce time to purchase property
   * Purchasing and closing dates are known
   * Buyers know they are competing fairly and on the same terms as all other Buyers
   * Buyers receive comprehensive information on property via due diligence packet

BENEFITS TO THE REALTOR®:
   * Generates a list of ready, 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 at true market value
   * Property is sold within a relatively short period of time
   * Exposes the property to many potential purchasers
   * Auctions bring people in to look at all your listings, not just the auction listing
   * Successful Auctions result in referrals and return business
   * Agents can earn Commissions as referring Agent/Broker, cooperating Agent/Broker, or as the listing Agent/Broker