|Seller pays no commission.||Broker charged typical 5-10% Commissions.|
|Realize the property’s true market
value with no upside price limitation.
|Upside opportunity is limited.
No chance to negotiate up – just down!
|Auction provides the psychological
catalyst to promote and enhance
buyers interest – as well as sales price.
|Traditional sales method offers no psychological or competitive momentum.|
|Results in 35 to 60 days.||Property can sit on the market
for months or even years
before it sells – if it sells at all!
|All conditions of sale are set in advance
of the auction.
|Contingencies are the most common
form of negotiating price.
|Property is sold without contingencies common.||Offer is contingent upon lender approval.|
|Successful bidder is required to
deposit 10% of the purchase at
the close of the auction.
|3% or less deposit is normal.|