Benefits of Real Estate Auctions
One of the major reasons sellers seek the auction format is because it often allows them to dictate
terms and conditions as well as a deadline. Selling for cash also allows sellers to move forward with their
plans without delay once the sale is made.
Since roughly 90% of auction sales close, there is every possibility that the deal transaction will
close without a hitch--particularly with pre-approved buyers in attendance at the auction.
When it comes to complicated properties, many auction houses actually recommend the use of
brokers. This provides sellers with the best of both worlds--the auction format
coupled with the selling expertise of the realtors.
Often sellers obtain great prices for properties
they sell at auction--more than they expected.
This is usually because buyers come prepared with a
cap and may bid until they reach that cap.

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