Why Auction

Auctions are considered accelerated marketing programs. If you have property you need to sell and are looking for a specialized and rapid way to market your property, consider auction.

Auction		Traditional Listing-Sale
Decreased market time The date of the auction is the date which you plan to sell; therefore, your property sells at the time you want or need it to.		Particularly in today’s slow real estate market, it is possible that your home will remain on the market for months, and in some cases, even years. As a result, sellers are faced with frequently decreasing the asking price.
Ongoing costs By selling your home quicker, you are able to reduce or eliminate the long-term carrying costs.		The longer your property is on the market, the more you will pay in mortgage payments, insurance, taxes, maintenance, utilities, and homeowners’ dues. Add these items to the potential sales-price reductions, and your equity decreases.
Price We will help you establish a minimum, fair market value, but the competition at auctions may actually help bring more than the asking price- there is no maximum price.		In listing your property, there is the risk of over-pricing it and not getting much interest from buyers or under pricing it and getting much less than the property is worth.
Control Sellers are removed from the negotiation process. You set the conditions for the sale of your property by establishing the date of the sale, target closing date, and more. Prospective buyers come prepared to bid on sale day. Properties are sold as is.		All aspects of a standard sale must be negotiated between buyer and seller. Often there are also re-negotiations after inspections as buyers attempt to have the seller make repairs or reduce the price.
Quick Closing Our auction contracts are free of contingencies and require a non-refundable cash commitment from the buyer, so you can expect a closing within approximately 30 to 45 days from the date of the auction.		Contracts that are contingent on financing or on the sale of the buyer's property can be both complicated and frustrating since there are factors out of your control that can potentially delay your anticipated closing.
Comfort in the face of trouble Auctions can get you a fair price for your property and on your time schedule, which can help you avoid bankruptcy and/or foreclosure.		For some, there may be a degree of humiliation in the face of foreclosure or bankruptcy. Furthermore, these things can damage your credit and make it more difficult for you to purchase a home in the future.