Each and every buyer strives to get the absolute best value for their dollar. Buyers that have purchased at auction will typically testify that they believe this is the best method of getting that value.
The benefits to the Buyer of the "auction" sales method include:
-Buyer knows the seller is committed to selling the property.
-Buyer has had ample time in a non-pressured environment to examine and inspect the property using whatever professional resources they see fit.
-The buyer will know the true market value of the property based on the competitive bidding he or she has engaged in.
-The long negotiation process of "offer/counter offer" is eliminated.
-Purchase terms and conditions other than price are known in advance.
-Buyers know they are competing fairly and openly with other potential buyers.
-The buyer is in control.
Buying at auction is truly an exhilarating experience. It is a fully charged and very competitive environment that is a lot of fun to be a part of. While it is true that everyone wants a good value when they purchase, the purchase process itself should also be a fun, rewarding and enjoyable process. Buying at auction pulls all of these objectives together.
Comments(1)