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- Specified Time of Sale – Property being sold by private
listing can generally take weeks or months to execute the
Sales Contract alone, if the listing procures a Buyer. When
sold at Auction, the date, time and location of the sale is
predetermined through the marketing campaign leading up to
the Auction. From the beginning stages of advertising to the
actual closing, the Seller knows the plan-of-action, thus
they can now make arrangements for their future
- Isolation From Other Properties – With its own detailed
marketing plan, an Auction will allow your property to
“stand from the crowd” and draw special attention when
compared to other like-kind properties on the market.
- Urgency to Take Action – By establishing a specified
time of sale, a sense of urgency is created among
prospective Buyers, eliminating any “time to think it over”.
- Competitive Bidding – This aspect of an Auction can be
attributed to why this method of sale has been so successful
for so long. Everyone interested in the property is present
and is standing in line ready to raise the bid.
- Terms & Conditions – Our Auctions are conducted and
executed according to the Terms & Conditions set out by the
Auctioneer and the Seller. The final bid is submitted to the
Seller for their acceptance or declination, free of any
contingencies (disclosures, inspections, approval of
financing, etc.) from the Buyer.
- The Sky is the Limit – When a property is listed either
by private listing or “For Sale by Owner”, a fixed top-end
price has been established by the current asking price. If a
property is offered at Auction as the first means of
marketing exposure, no one knows for sure the maximum dollar
the final bid will produce.
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