Dramatic Growth in the sale of Real Estate at Auction
In recent years the United States economy has experienced dramatic growth in the sale of real estate at auction. In fact, the auction of real estate in the United States in the 90's will result in tens of billions of dollars of property changing hands.
Auctions Create Urgency and Competition
Auctions are exciting events, forcing qualified buyers to a single moment of decision. Buyers must seize the opportunity on auction day. Competitive bidding increases interest and prices. Most importantly, real estate sales are confirmed within minutes - sales that could have otherwise taken months or even years to generate and finalize.
Auction Advantages
Why auction? Property owners have begun to recognize the advantages of the auction alternative - among them, speed, increase in price through competitive bidding, reduction in the cost of carrying a property, immediate attention focused on a specific property, and creation of a sense of urgency to buy.
10 Compelling Reasons to
Sell By Auction
- It is the surest and quickest method of moving merchandise
- It brings buyers to the moment of decision
- It establishes an undisputable market price of almost anything
- It is the most convenient and efficient method
- It is an excellent way to reduce inventory to raise cash
- It creates an atmosphere favorable to action
- It stimulates competition and judgement of public control of the price
- Advertising of an auction is more effective
- It gives all an equal chance
- It eliminates all arguments as to the value of any property.
