Auction Benefits

Sellers:

Certain costs are eliminated with property auctions. Sellers are not responsible for paying long term carrying costs, which can include any interest accumulated on loans, maintenance, or other taxes.
Competition is created among buyers, and oftentimes the final sale price will exceed the property’s appraised price.
At auctions, buyers are prepared to buy. They are pre-qualified for financing, so final bids are final with no financing contingencies.
Property is viewed by multiple pre-qualified buyers.
Sellers skip the step of multiple real estate showings and are able to select the details regarding when they want to sell.
Sellers are taken out of the negotiation process.
The selling process is accelerated. From the time the auction ends, 30 days are allotted for the closing period.
Auctions will provide your property with heightened exposure in a short amount of time. Auctioneers are marketing specialists. They have many marketing tools, such as mailing lists, advertisements, and fliers, at their disposal, and they use the tools to generate excitement and to attract as many people as possible to the event.
People will come to auctions during good and bad economic times. An auction is a sale, and regardless of the economy, auctions are attended by pre-qualified buyers.

Buyers determine the price of the property through bidding.
Buyers know that the Sellers are committed to the sale and are assured it will take place.
Auctions are quick, so Buyers will know if they won the property on the auction day.
Buyers are aware of all of the purchasing and closing dates.
Buyers are able to compete fairly against other buyers.
There is not a long negotiation process.

Brokers generate exposure for their name and for multiple listings, not only the listing at auction.
Brokers receive referrals from both Buyers and Sellers.
Brokers can present their clients with new buying and selling options.
Every type of property is auctioned. Brokers can create a focus on commercial real estate auctions, waterfront property auctions, land auctions, home auctions, and develop their own market specialization or niche.
Competitive bidding motivates higher prices, ultimately leading to higher real estate commissions.
Commission can average the same or higher than traditional sales commission when Agents partner with Accelerated Real Estate Solutions and are named as cooperating, referring, or listing partners.
While brokers receive a commission, they are not required to do any of the marketing, showing, or negotiation of the property.
Aggressive marketing tactics of all property auctions ensures a large audience at the event.
Properties sell quickly.
Brokers set the terms of sale. They are able to have control over timing and set the date when the property will be auctioned. They will be able to provide clients with set dates for auctions and closing dates.
Buyers are pre-qualified and Sellers come ready to sell.