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More and more sellers are
recognizing the overwhelming
benefits of
selling at auction:
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- Accelerated
timeframe
- The entire auction
process typically
takes less than
90 days from start
to closing.
- Reduced holding
costs - The
swift nature of
the auction reduces
holding costs
such as mortgage
payments, maintenance
and repairs, taxes,
insurance.
- Liquidity
- An auction effectively
converts real
estate assets
into useable cash.
- Aggressive
Marketing
- An auction is
designed to saturate
potential qualified
buyers with information
on the property,
engage their prompt
interest, and
call them to act.
An auction marketing
program builds
interest up to
the final sale
date, maximizing
excitement to
buy.
- Competition
- Competitive
bidding provides
the truest measurement
of fair market
value, maximizes
pricing and eliminates
the negative impact
of "overpricing"
or "under
pricing."
- Control
- The seller sets
their sale date,
terms, timelines
and eliminates
the inconvenience
of unscheduled
showings.
- "As-Is",
No Contingencies
- Properties are
sold "as-is"
eliminating costly
and time consuming
effort by the
Seller. Buyers
must perform their
due diligence,
conduct inspections
and arrange financing
prior to the auction
event. The offers
produced at the
auction will be
"as-is,"
no contingency
offers and the
auction contract
will specify such.
- Easy negotiations
- An auction insulates
sellers from stressful
and awkward negotiations
which many times
lead to hard feelings
by their conclusion.
- Reduced closing
costs - The
buyer is responsible
for most if not
all closing costs
and transfer taxes.
- Reduced commissions
- Commissions
paid to auctioneer
are typically
less then that
to a listing Broker.
- Buyers prepared
- Buyers come
ready to buy.
- Quick Settlement
- Settlement typically
occurs in 30-45
days.
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Marshall
Auction-Marketing Company, Inc. | 2815 N Salisbury Blvd Suite B, Salisbury, MD 21801
T 410-749-8092 | info@marshallauctions.com |
Copyright
© 2008 Marshall Auction-Marketing Company,
Inc.
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