The real estate auction is a marketing plan and yes, it does start at the time we visit the property. Most generally Sellers have had the property on the market prior to the auction. When marketing real estate for the auction, micro-markets are those markets that are never reached in the conventional real estate market. When the Seller employs and makes the decision to use the auction marketing system , sellers understand that a high profile marketing system is to be used to find the high bidder for the property.
Most properties are suitable to be sold at auction.
However, not all property will qualify. Almost all sellers will qualify for the auction process, but their property may not. For example, if a property will only appeal to a narrow market, auction marketing may not be the most effective marketing method. This involves analysis of the market, property and seller's situation. A changing market.