Successful auctions result in referrals and return business. Builds rapport with auction firms. Smart investments are made as properties are usually purchased at fair market value through competitive bidding. The buyers knows the seller is fully committed to sell. In multi-property auctions the buyer sees many offerings in the same place at the same time.
Buyers determine the purchase price.
Auctions eliminate long negotiation periods. Auctions reduce time to purchase property. Buyers know they are competing fairly and on the same terms as all other buyers. Buyers receive comprehensive information on property via due diligence packet.