What are the Benefits of an Auction?
BENEFITS TO THE SELLER in Maryland:
-Buyers come prepared to buy when buying a Home in Maryland
-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 by auction
-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 in Maryland:
-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 information packet
BENEFITS TO THE REALTOR® in Maryland:
-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
You can choose now to market, sell and close in a 30 - 45 day time frame, freeing up your cash
-Buyers come prepared to buy when buying a Home in Maryland
-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 by auction
-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 in Maryland:
-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 information packet
BENEFITS TO THE REALTOR® in Maryland:
-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
You can choose now to market, sell and close in a 30 - 45 day time frame, freeing up your cash
