An AUCTION SALE is a method of selling real estate in public forum through open and competitive bidding. Highest bidder in an auction is the purchaser.

FAIREST MARKET PLACE

The property owners, plaintiff, assignee, chargee, receivers and liquadators can expect a sale of the asset to yield the highset value at public auction. The advertising techniques is ensured that the property attracts the largest number of potential buyers. 

This insure a true market value price for the property on the day of auction. Historically, in upswing market, public auctions have established the highest prices. When the market is declining, an auction will capture the current market prices.

Higher yield and less hassle than any other methods of selling a property. No ceiling price is set which allows the price to increase freely with no limit. This often leads to greater sale price than would have been obtained through conventional real estate sale.

DRIVE BUYERS TO REACT

When an auction date is fixed, buyers no longer let slip and begin preparing for auction.

FORCES AN INSTANT SALE

The auction never lets the buyer to wait you out and the property is sold without sitting on the market any longer. It avoids lengthy negotiations of price and terms.

ELIMINATE HOLDING COST

A timely auction allows the seller to reduce holding cost. End waste of funds by halting accruing interest, deterioration, maintenance, repairs and numerous other hidden expenses.

FORCES BUYERS TO CLOSE

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

BUYERS ATTENTION

The auction sale will bring your property to spotlights and center of attention. Buyers are attracted to the property and they can’t effort to say “tomorrow”.

IDENTIFIES NEW BUYERS
The marketing technique through displays, advertising and brochures is an advantage to locate new buyers. New buyers will not be aware of the property if you do not select an auction.

ATTRACTION TO BUYERS DESIRES

An auction environment arouses prospective buyers emotions and makes them eager to compete. The competitive bidding creates confidence among the buyers when they watch other bidders willing to pay a similar amout for the property.