Benefits to the Buyer:
Investment opportunity, 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
Purchasing and closing dates are known
Buyers know they are competing fairly and on the same terms as all other buyers
Buyers receive comprehensive information on property
