BENEFITS TO THE BUYER:
* Smart investments are made as properties are usually
purchased at fair market value through competitive bidding
* The buyer knows the seller is committed to sell
* In multi-property auctions the buyer sees many offerings
in the same place at the same time
* Buyers determine the purchase price
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same
terms as all other buyers
* Buyers receive comprehensive information on property via
due diligence packet
* Smart investments are made as properties are usually
purchased at fair market value through competitive bidding
* The buyer knows the seller is committed to sell
* In multi-property auctions the buyer sees many offerings
in the same place at the same time
* Buyers determine the purchase price
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same
terms as all other buyers
* Buyers receive comprehensive information on property via
due diligence packet
Why Auction?
| Basics and Benefits |
 | |  | |  | |  | |  |
| Jerry T. Hall Auctioneer Realtor 1-440-476-7269 |
| Thomas R. Hall Auctioneer 1-440-476-7426 |
Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective
method of selling real estate. It is an intense, accelerated
real estate marketing process that involves the public sale
of any property -- most certainly including those that are
non-distressed -- through open cry, competitive bidding.
A. A real estate auction is an innovative and effective
method of selling real estate. It is an intense, accelerated
real estate marketing process that involves the public sale
of any property -- most certainly including those that are
non-distressed -- through open cry, competitive bidding.
Q. How will auction benefit me?
A. The real estate auction is a win-win proposition for
everyone involved.
A. The real estate auction is a win-win proposition for
everyone involved.
BENEFITS TO THE SELLER:
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs,
including taxes & maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified
prospects
* Accelerates the sale
* 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
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases
interest and visibility
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs,
including taxes & maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified
prospects
* Accelerates the sale
* 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
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases
interest and visibility
Copyright NATIONAL ASSOCIATION OF REALTORS®
