The auction method of marketing provides many advantages including:
• Reducing the time a property is on the market.
• Providing an opportunity to greatly reduce the ongoing carrying cost of owning and maintaining real estate.
• Targeted marketing to potential buyers who have the ability to purchase. This eliminates the expenditure of advertising dollars to groups of buyers with no interest in your property.
• Commissions that are collected from the buyer in the form of a Buyer's Premium, thereby eliminating the seller's responsibility of paying a sales commission.
• No post sale negotiations.
• Auction properties are sold "AS IS" with no contingencies for further inspection, financing or due diligence.
• A substantial nonrefundable deposit is required from the successful bidder.
Troy Fowler, Lic. Real Estate Auctioneer (#AU3595, #AB2717, AARE, CES) & Lic. Real Estate Broker
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