Benefits
to the Buyer:
·
Buyers
know they are competing fairly and on the same terms as all other buyers.
·
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.
·
Purchasing
and closing dates are known.
·
Buyers
determine the purchase price through
competitive bidding.
·
Auctions
eliminate the long negotiation process.
·
Auctions
reduce time to purchase property.
·
Buyers
receive a comprehensive information package on the property in order to
perform their due diligence.
·
Broker,
Realtor and Salesperson participation are encouraged.
·
In
multi-property auctions the buyer sees many offerings in the same place at
the same time.
·
The
buyer knows he/she is negotiating fairly and on the same terms as all
other buyers while they openly compete with one another.
Learn
more about the auction
process.
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