TRADITIONAL SALES METHOD

AUCTION METHOD

The selling price is negotiated down

The selling price is negotiated UP

You compete for attention in the market

It's all about YOUR property on auction day

It may take months or years to sell

The 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 property

You 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 money

An 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 price

No time to wait - it's now or never

Private sales may be viewed negatively by courts when settling estates

Courts 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 you

Buyers will be there eager to compete to bid

You are on-call to answer the phone and have unplanned visits with strangers

There will be one set time for buyers to inspect your property and the auctioneer will oversee it

May be difficult to get buyers interested

Auctions create excitement !

You will not get more than your asking price

There 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 all

You 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 buyer

Only the price is negotiated at an auction - any other conditions are set by you in advance

Offers freqently come with contingencies

There are no contingencies at an auction

You have to do all the work yourself

Our auction staff will do the work for you