All buyers come prepared to buy
Auction properties are sold “as-is”, with no contingencies or warranties expressed or implied
Accelerated disposal reduces long-term carrying costs, including taxes and maintenance
Assurance that property will be sold at true market value
Exposes the property to a large number of pre-qualified potential buyers
Accelerates the sale of the property
Creates competition among buyers—auction price can exceed the price of a negotiated sale
Requires potential buyers to pre-qualify for financing
The seller knows exactly when the property will sell and close
Takes the seller out of the negotiation process
Ensures an aggressive marketing program that increases interest and visibility
