Seller Benefits
- No sales commission
- Qualified buyers are prepared to buy
- Eliminates and reduces long-term carrying costs, including taxes & maintenance
- Assurance the property will be sold at fair market value
- Exposes the property to qualified buyers with aggressive marketing
- Accelerates the sale; reaches a conclusion – Know your closing date in advance of the auction
- Creates competition among buyers – Creates a sense of urgency and drives market values
- Requires potential buyers to pre-qualify for financing
- No contingencies – Typically sold “as is, where is"
- Aggressive Marketing Campaigns creating a high impact, focused and intense advertising
- Increases interest, visibility and attention
- Prepared buyers - All buyers come prepared to bid and to buy
- No seller negotiations – Auction process provides the highest offer to the seller
- In traditional sales methods, the seller must set a top price for their property, known as the list price. All negotiating goes down from that price. In an online auction, bidding begins at a lower price and continues to increase with competing bids, insuring that the final, winning bid is the highest.
- The only cost to the seller is the marketing fee. You pay no commission. The buyer pays our fee in the form of a 10% buyer’s premium, which is added to the winning bid.