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
Although information obtained on properties are from reliable sources, Robert B. McArtor reminds all potential bidders on real estate that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property, and b) the satisfactory completion of a title search. By placing a bid, you acknowledge that any statements made by the seller pertaining to the condition or market value of the property are subjective, and do not release you from your responsibility to perform a due diligence review. Properties can be cancelled up to the time of sale for any reason. Please contact the Auctioneer or Trustee for schedule.
