Benefits for Buyers and Sellers

The onsite and online auction provides many advantages to sellers and buyers over the traditional list and sell/wait real estate sales methods. Among these opportunities are:

• Provides excitement, encourages competition, and focuses attention on a "pre-determined" sale date
• Provides open, fair, and non-discriminatory bidding environment, greatly enhancing opportunities for all of the purchasers
• Eliminates continued carrying costs
• Reduces marketing timeframe
• Creates urgency which tends to maximize the sale proceeds to the seller
• Minimizes defaults because substantial bid deposits are required
• Provides immediate confirmation of the sale
• Reduces negotiations between the buyer and the seller
• Provides true market-based value sale
• Provides individual sellers in multiple owner auctions with the benefits of auction marketing at an affordable cost
• Terms and conditions of the sale are already understood and agreed upon before a bid is placed or accepted