Why Auction a House?

• Creates competition between buyers, resulting in a higher price
• Creates a set sale date, eliminating guess-work as to when a property will sell
• Offers sellers an alternative marketing option
• Typically requires buyer to pay both transfer taxes resulting in a 1% savings to seller
• Exposes the property both locally and nationally
• Takes the seller out of the negotiation process and eliminates time-consuming contingencies
• Allows seller to free up capital on a timetable to his/her advantage
• Auction signs create attention and urgency for action
• Properties are generally sold within 6 to 8 weeks of listing
• A buyers down payment is 10%, thus creating a bigger commitment
• A seller knows the exact date when the property will sell and when proceeds will be received
• Allows seller to set terms and conditions of the sale
• Eliminates high seller carrying cost such as interest, taxes, heat, sewer, water, maintenance, etc.
• Brings interested buyers to a point of decision