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Auction Advantages
There are many advantages to the auction process that you may not have been aware of before:
- Causes virtually every buyer in the market to consider your property
- Buyers have to consider "what is the most I can give" instead of the endless price negotiations of "what is the least I can get by with"; and then end up on another property after all the time and effort
- Creates urgency, causing a buyer to act
- Creates marketing that will stun the market and force it to examine the opportunity
- If there is uncertainty in the future or the stability of the market is a concern because of the economy or other competing products, be it newer projects or projects with different options and amenities, the auction sells for cash auction day and eliminates that concern