Benefits to the Buyer

1. ‣Competitive bidding allows for smart investments, since properties are usually purchased at fair market value.
   

2. ‣The buyer knows the seller is committed to sell.
   

3. ‣In multi-property auctions, the buyer sees many offerings at once.
   

4. ‣Buyers determine the purchase price.
   

5. ‣Auctions eliminate long negotiation periods.
   

6. ‣Auctions reduce time to purchase property.
   

7. ‣Purchasing and closing dates are known.
   

8. ‣Buyers are competing fairly and on the same terms as all other buyers.
   

9. ‣Buyers receive comprehensive information on property via due diligence packet.

Benefits to the Seller

1. ‣Buyers come prepared to buy.
   

2. ‣Requires potential buyers to pre-qualify for financing.
   

3. ‣Quick disposal reduces long-term carrying costs, including taxes and maintenance.
   

4. ‣Assurance that property will be sold at true market value.
   

5. ‣Exposes the property to a large number of pre-qualified prospects.
   

6. ‣Property is sold within a relatively short period of time.
   

7. ‣The seller knows exactly when the property will sell.
   

8. ‣Auction price can easily exceed the price of a negotiated sale, due to competition among buyers during an auction.
   

9. ‣Eliminates numerous and unscheduled showings.
   

10. ‣Takes the seller out of the negotiation process.
    

11. ‣Ensures an aggressive marketing program that increases interest and visibility.