Quick Sale An auction affords the property owners the opportunity to dispose of property now at today's prices, rather than tomorrow's prices.
Time is money.
All property incurs costs curing it's private negotiating marketing period - debt service, real estate taxes, insurance payments, maintenance and sometimes security. All too often, the carrying or holding costs of real estate during a private negotiated marketing program won't be recovered in a higher selling price. Property Market Value can be Demonstrated. Instead of relying on the appraiser to assigning an asking price, the auction process demonstrates the value of the property to sellers and potential buyers. Selling property by the private negotiated method, you may wonder whether you couldn't have bargained higher.