Your prospective buyer must consider the impact of the buyer's premium when deciding on the amount to bid for the property. A. Buyers come prepared to buy. Lookers are eliminated because most often bidders must qualify through a deposit of certified or cashier's check. There is a sense of immediacy an auction. Buyers feel that if all the properties are sold before the auction ends it represents their last chance purchase a desired property.
Sellers get maximum exposure for their properties.
The Auction Marketing strategy differs from the conventional advertising. It is more concentrated, therefore more intense and visible. High carrying cost are avoided. Through auctions, the seller is in control and knows, that if properly priced, his property will sell on a certain date which is usually within 45-60 days from the auction listing. By selling quickly, the seller is able to avoid high carrying cost such as insurance, real estate taxes, security and maintenance and is also able to benefit from the use of the Moines to reinvest in other real estate or investment opportunities elsewhere.