Buying at Auction

Buyer Advantages

Buyers at Auction.

Purchase property at fair market value based on selling price, not asking price.
Eliminate often long negotiation periods and brings transaction to the table.
Reduce time to purchase property and hold a closing.
Gain confidence as they compete in bidding process realizing others are truly interested
Do not have to worry about contingencies because purchasing and closing dates are known from the begining.
Feel better about purchase – just knowing there is a contending bid just one increment under purchase price.
Buyers know property owners are motivated to sell and sense an advantage.
Buyers can receive favorable financing within a few days of auction.
Buyers set their own purchase price by negotiating the price up while bidding.