Appraisals are difficult to determine with unique properties. Aggressive bidders help ensure sellers' properties will not be sold for less than current market value. Auctions bring together the supply of limited buyers for the available properties. Financial Situations a. Seller needs quick cash. Seller wants to buy another piece of property but must liquidate present property to finance new purchase.
Seller wants the money and financial peace of mind.
Estate Liquidations or Partition a. Heirs or partners want to dispose of property promptly. Heirs need to create charitable remainder of trusts. Partnership Split-up, Retirement and Divorce a. Division of holdings. Parties cannot agree on a fair price. Parties want to cash out quickly.