Seller Advantages of Selling Property at Auction

Auction Sales Reduce Time on the Market. Once the promotion begins, the auction sale takes place in a few weeks. Sellers like knowing their property will be sold on a certain date. Auctions avoid drawn-out negotiations and unnecessary contingencies because terms and conditions are preset by the seller.

• Can liquidate property fast
   
• Creates competition among buyers
   
• Exposes property to a large number of prospects
   
• Accelerates closing
   
• Seller knows exactly when property will sell
   
• Real estate auction reduces the amount of time a property is on the market
   
• Auction eliminates numerous and unscheduled showings
   
• Auction takes seller out of negotiating process, allowing the seller to sell the property under his/her terms and conditions

Buyer Advantages of Buying Property at Auction

Auctions Create Competition among Buyers. The auction process causes multiple buyers to compete at the same time and place to purchase property. Buyers like the pace, competition and anticipated bargains at auctions. Competitive bidding brings true value. It often draws prices higher than the seller's expectations.
 

• Can set own purchase price
   
• Purchase property at a fair market value - Buyers feel better about purchase - just knowing there is a contending bid just one increment under the purchase price
   
• Eliminates potential of long negotiations
   
• Reduces time to purchase property
   
• No worries about contingencies because purchasing and closing dates are known
   
• Buyers know property owners are motivated to sell

Our goal is your goal: to attain the highest market value for your real estate. For more information on real estate auctions or to schedule a confidential interview to discuss your needs, call or e-mail a Crye-Leike auctioneer.