You get immediate auction.

People who have shown interest in your property will realize that if they want it they must commit themselves to purchase it at a definite time and place.

It focuses the attention of all prospective purchasers upon the property and they are put on notice that the property will sell to the highest bidder at a specific time and place.

The Auction method is one way of bringing about such sales. This is done in a manner where there can be no criticism as to the price obtained. Courts, trustees, and businessmen have held that a well advertised and well attended Auction will determine a fair market value over all other methods.

It's the only why to sell with a good possibility of obtaining a higher price than the original asking price.

• Offers the seller another option.
• Creates competition among buyers -- Auction prices can exceed the price of a negotiated sale. An Auction generates excitement and heightens buyer interest.
• Requires that potential buyers pre-qualify for loans.
• Exposes the property to a large number of pre-qualified buyers.
• Accelerates sales -- the property can sometimes be sold within weeks of listing.
• Eliminating high seller carrying costs such as mortgage interest, taxes, maintenance, insurance, utilities, upkeep, and deferred depreciation.
• Auctions bring interesting buyers to a point of decision - they must act now or lose the opportunity to purchase.
• Auction is a true market forum -- the highest bidder pays the lowest price a seller will accept.
• The seller knows exactly when the property will sell.
• The seller set the terms/conditions of the sale, maintains control of the property through the Auction (depending on the Auction type), and actively participates in the process.
• Auctions can greatly reduce the time the property is on the market.
• Auctions eliminate numerous and unscheduled showing.
• Auctions take the seller out of the negotiation process.
• Seller is able to rapidly obtain liquidity.
• Seller is able to free up capital and move on to other investments.
• Auction provides "proactive" rather than "reactive" marketing.