Selling at Auction
January 27th, 2007 . by Brecht Palombo3 Reasons to Sell Your Property by Auction
- Control. You set the date, you set the terms. When you sell through the auction method you have complete control over the date, time, and terms under which you’ll sell. You don’t have to have your property be subject to endless inspections and delays. Bidding requires a hard-money deposit that buyers are very reluctant to walk away from, there you have a near guaranteed sale once the hammer comes down.
- Time. There isn’t another way in the world to maximize your selling price on your time frame. If timing is of the utmost importance there is no better option than a sale by auction. Your property will be rapidly exposed to the full breadth of the market through a comprehensive campaign that’s delivered on a condensed schedule. Your property can go from zero to ’sold’ in as little as 30 days.
- Competitive bids achieve market value. The competitive bidding process will expose the true value of the asset in today’s market, in your time frame. If you have an unlimited amount of time to wait to market and sell your property someday you could get a higher price. If you understand the time value of money and you want the property sold now and not “someday” only the competitive bid process will achieve the highest value.
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