| There are many
reasons why home owners decide to sell their property in an auction. The
main reason is motivation. An auction gives the seller a specific date
when there property will sell. Many times in distressed sales such as
foreclosures or divorce sales, the owner needs to have a quick and easy
sale.
BENEFITS TO THE BUYER:
- 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
- In
multi-property auctions the buyer sees many offerings in the same
place at the same time
- Buyers
determine the purchase price
- Auctions
eliminate long negotiation periods
- Auctions
reduce time to purchase property
- Purchasing
and closing dates are known
- Buyers know
they are competing fairly and on the same terms as all other buyers
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