MORE ADVANTAGES...

• The seller gets to determine the date and time at which the property will be sold. Using the auction method, property can typically be marketed and sold within a four to six week time frame.

• A timely auction allows the seller to drastically reduce holding costs such as taxes, insurance and maintenance.

• An auction environment arouses the competitive spirit among the prospective bidders.

• Setting a specific date and time of sale creates a sense of urgency and forces the prospective buyers to a point of decision.

• The seller can set the terms of the auction, thereby avoiding lengthy negotiations of price and terms.

• An advertising program is tailored to the seller's property which will attract the largest number of potential buyers. This insures a true "market value" price for the property on the day of the auction.

• There is no ceiling price set on the property, which allows the price to increase freely with no limit.

• Historically, when the market is on the upswing, public auctions have established the highest prices. When the market is declining, an auction will capture the current market price before values drop.

• The competitive bidding format creates confidence among the buyers when they see other people willing to pay a similar amount for the property.