The Real Estate Auction Advantage:

There are many reasons for the continued growth of the auction industry.  Particularly in the field of real estate, auctions offer advantages to sellers that no other method can match.  Here are a few of the benefits frequently cited by those choosing to sell their properties at auction:

• The seller sets the terms of the sale in advance.
• There is no limit set on what the property can bring.
• The property sells on a pre-determined date, allowing the seller to plan accordingly.
• Properties sell contingency-free so there is no risk of getting tied up in lengthy and sometimes wasted delays waiting and hoping for the sale to close.
• Properties sell in “As Is” condition, thereby eliminating the potential need for a seller to make additional improvements (and incur costs) to meet buyer demands.
• Expensive carrying costs such as mortgage payments, utilities and taxes can be eliminated in a short period of time.
• Competitive bidding generates fair market value.
• Protracted and sometimes fruitless negotiations are eliminated.
• Costs to a seller do not increase as the offer amounts rise.
• Auction advertising compresses the marketing window and focuses attention on the property, allowing for vastly greater exposure.

Real Estate Broker: Schulman & Associates, LLC    Broker Phone: (816) 455-5520    Gregg Pfister, Agent Phone (913) 526-8622