FirstYou get immediate action.
SecondPeople who have shown interest in your property will realize that if they want it they must commit themselves to purchase it at a definite time and place.
ThirdIt focuses the attention of all prospective purchasers upon your property, and they are put on notice that the property will sell to the highest bidder at a specific time and place.
FourthThe Auction method is one way of bringing about such sales. This is done in a manner where there can be no criticism as to the price obtained. Courts, trustees and businessmen have held that a well advertised and well attended Auction will determine a fair market value over all other methods.
FifthIt’s the only way to sell with a good possibility of obtaining a higher price than the original asking price.
Auctions are a win-win situation created by the Auctioneer, the professional marketing executive, trained and experienced at conducting public Auctions. Auctioneers dedicate many long hours to prepare and orchestrate a single Auction. When the gavel falls, the outcome is positive for both the buyer and seller.
Offers the seller another option
An Auction generates excitement and heightens buyer interest.
Creates competition among buyers – Auction prices can exceed the price of a negotiated sale.