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Realtor - Benefits of Real Estate Auctions For Buying or Selling.

National Association of REALTORS® talks about Auctions 

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 non-distressed -- through open cry, competitive bidding. 


BENEFITS TO THE REALTOR®:

* Generates a list of ready, qualified buyers 
* Offers clients and customers new selling and purchasing options 
* Increases revenue and market share 
* Develops your own market niche 
* Assurance that property will be sold at true market value 
* Property is sold within a relatively short period of time 
* Exposes the property to many potential purchasers 
* Auctions bring people in to look at all your listings, not just the auction listing 
* Successful auctions result in referrals and return business 
* Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker 

Broker, Realtor and Salesperson participation is encouraged Broker-Agent Participation Sign Up Form


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:

* Smart investments are made as properties are usually purchased at fair market value through competitive bidding 
* The buyer knows the seller is committed to sell 
* In multi-property auctions the buyer sees many offerings in the same place at the same time 
* Buyers determine the purchase price 
* 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 

Broker, Realtor and Salesperson participation is encouraged Broker-Agent Participation Sign Up Form 

Learn more by calling Rick Bauer at 314-962-4200 for a complimentary assessment or email Rick Bauer

Father Time® Auctions offers complete Personal Property Auction Liquidations 

Rick Bauer, Auctioneer, Realtor, CAI, GRI, AARE, CDPE, BAS, CES, ATS, MPPA, CAGA