Auction Benefits for Sellers
- Creates competitive bidding among qualified buyers
- Stimulates market activity and increases buyer interest
- Uses an accelerated, targeted marketing program to maximize exposure and awareness of the assets being sold
- Properties are typically sold as is, without contingencies
- Reduces ongoing seller carrying costs such as utilities, taxes, and maintenance
- Speeds up the sale process, allowing multiple assets to be sold in a short timeframe
- Provides certainty by establishing a clear, predetermined sale date
- Motivates buyers to act decisively or risk missing the opportunity
- Allows sellers to remain removed from direct negotiations
- Gives sellers control by setting the terms and conditions of the sale