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AUCTION BENEFITS FOR BUYERS

Benefits to the Buyer:

·         Buyers know they are competing fairly and on the same terms as all other buyers.

·         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.

·         Purchasing and closing dates are known.

·         Buyers determine the purchase price through competitive bidding.

·         Auctions eliminate the long negotiation process.

·         Auctions reduce time to purchase property.

·         Buyers receive a comprehensive information package on the property in order to perform their due diligence.

·         Broker, Realtor and Salesperson participation are encouraged.

·         In multi-property auctions the buyer sees many offerings in the same place at the same time.

·         The buyer knows he/she is negotiating fairly and on the same terms as all other buyers while they openly compete with one another.

Learn more about the auction process.

 

 

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 Last modified: November 15, 2008