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Not all auction sales are foreclosures. Often, property owners choose to sell their property at auction, rather than use the more tradition means of marketing. Put simply, an auction is an accelerated means of selling real estate. If you want to: • Choose the exact date and time your property will sell, • Fix your marketing costs, • Eliminate all buyer contingencies, • Close your sale transaction quickly ...then you should consider selling your property at public auction! Q. What is a Real Estate Auction? A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property — most certainly including those that are nondistressed — through open cry, competitive bidding. BENEFITS TO THE SELLER: * Buyers come prepared to buy * Quick disposal reduces long-term carrying costs, including taxes & maintenance * Assurance that property will be sold at true market value * Exposes the property to a large number of pre-qualified prospects * Accelerates the sale * Creates competition among buyers - auction price can exceed the price of a negotiated sale * Requires potential buyers to pre-qualify for financing * The seller knows exactly when the property will sell * Eliminates numerous and unscheduled showings * Takes the seller out of the negotiation process * Ensures an aggressive marketing program that increases interest and visibility BENEFITS TO THE BUYER: * The buyer knows the seller is committed to sell * Auctions eliminate long negotiation periods * Auctions reduce time to purchase property * Purchasing and closing dates are known * Buyers know they are competing fairly and on the same terms as all other buyers * Buyers receive comprehensive information on property via due diligence packet For more information on selling your property at a private auction sale, contact Paul Talkowski