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Auctions are popular, here is the scoop
Why an Auction?The auction is a unique and powerful system. It creates a form of competition that cannot be duplicated by private treaty. Auctions are used internationally to exchange assets in a manner that is mutually beneficial for the buyer and the seller. Each bid reinforces the true market value of the property. These affirmations of value encourage other participants to continue the bidding process. Inside each of us is the strong desire to win.   Traditionally, the buyer satisfies this need by negotiating with the seller to reduce the price. But, we all know that getting a buyer or seller to act is a difficult thing to accomplish. With an auction, the buyer can only win if he or she out bids the other bidders, right now.Auctions accelerate the process of selling any property by compressing the marketing period. It brings together all interested parties at the same time to complete the sale. Offers and counter-offers, and the frustrating, slow negotiation process are swiftly turned into an exciting, urgent bidding match by serious prospective buyers. Auctions bring all interested parties into one place at the same time for the single purpose of determining who will pay the most for the ... more

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