|
The Auction Advantage
Why should you consider the auction marketing method? The following are a few documented advantages commonly cited by those in the industry:
For Sellers:
• Buyers come prepared to buy. Lookers are eliminated because bidders must prequalify themselves through a non-refundable deposit of 10% to 20% if they are successful bidders.
• The auction creates a sense of urgency and brings interested parties to a point of decision.
• Auctions create maximum exposure for the property. Auctions are a concentrated effort, so the exposure and efforts are more intense and visible.
• The seller avoids high carrying and holding costs.
• Auctions create and increase buyer competition for property.
• The seller can set a specific date, time, and location for sale of the property.
• Seller controls all of the sale conditions and terms.
For Buyers:
• Buyers know the seller is committed to sell.
• The buyer knows he is getting the property at a fair market price set by the public bidding.
• The buyer has full control of what he wants to bid to own the property.
• Auctions reduce the potential negotiating time for the buyer.
Call to schedule an appointment 937-678-5704 Email HokeAuctioneering@aol.com
|