Why Auction?

That's a good question. Here are some very good reasons!

TRADITIONAL SALES METHODAUCTION METHOD
The selling price is negotiated downThe selling price is negotiated UP
You compete for attention in the marketIt's all about YOUR property on auction day
It may take months or years to sellThe auction takes place on one pre-determined day so you can get on with your life
You have to figure out what is the best way to sell your propertyYou sell in the shortest time, at the highest possible price, and under terms and conditions determined by you
Each month your property goes unsold costs you moneyAn auction can be set up in 30 to 60 days and you can count on receiving your money
Buyers may try to wait you out and hope you reduce your priceNo time to wait - it's now or never
Private sales may be viewed negatively by courts when settling estatesCourts embrace auction sales as a proven way to ensure fair market value and an arm's length transaction
You wait for buyers to come to youBuyers will be there eager to compete to bid
You are on-call to answer the phone and have unplanned visits with strangersThere will be one set time for buyers to inspect your property and the auctioneer will oversee it
May be difficult to get buyers interestedAuctions create excitement!
You will not get more than your asking priceThere is no cap on what price you receive
You take the risk of asking too little and selling too low or asking too much and not selling at allYou can rest easy because competitive bidding will determine the fair value. Plus, you can place a reserve if you wish.
You will have to negotiate with the buyerOnly the price is negotiated at an auction - any other conditions are set by you in advance
Offers frequently come with contingenciesThere are no contingencies at an auction
You have to do all the work yourselfOur auction staff will do the work for you