WHY AUCTIONS?
  • Auction is the most accelerated form of asset disposition.
  • An auction generates excitement and heightens buyer interest.
  • Auctions create competition among pre-qualified buyers
  • Auctions create intense demand and exposure where the highest bidder wins.
  • Auctions realize the properties true market value. No limit on upside potential.
  • Auctions can convert your property into cash in as quickly as 30 days.
  • Auctions reduce carrying costs as a definite timetable for the sale of the property is set.
  • Auctions are cost effective there are no negotiations or contingencies
  • Auctions offer a fair, transparent and open marketing program.
  • Auctions are not filled with promise they are the “real deal”
CHOOSING AN AUCTION COMPANY
Some key questions to ask before you choose an auction company
  • Does the auction company cooperate exclusively with the real estate industry?
  • What additional exposure will the property get?
  • Do they have a database to source large volumes of bidders to your auction?
  • Do they solicit listings in direct competition?
  • Are they specialists in holding and facilitating a Live Event
  • Is the Buyer solely responsible for all fees? Is he paying a premium and at what cost?
  • Are there any upfront marketing costs?
  • Do they cater for live online real time bidding from any location in the world?
  • Do they have formal international affiliations and associations with global systems and referrals?
  • Are they affiliated to the main appropriate national governing bodies?
  • How do they incentive agents and brokerages to earn additional commission without giving up control of their clients?
These are all very important factors when considering an auction company.
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