This list gets straight to the point in outlining the many advantages of using a company like Premier Estates to provide the Global Bespoke Marketing Platform, which will provide results date specific at market price. Reach out to me directly to explore in greater detail at jennduaine@gmail.com.

Please refer to NAR’s full webpage relating AUCTION benefits here: http://www.realtor.org/auction/the-basics-benefits

BENEFITS TO THE SELLER:

  • Buyers come prepared to buy 
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance 
  • Assurance that property will be sold at true market value  Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers—auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell  Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

BENEFITS TO THE BUYER:

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet

BENEFITS TO THE REALTOR®:

  • Generates a list of ready, qualified buyers
  • Offers clients and customers new selling and purchasing options
  • Increases revenue and market share
  • Develops your own market niche
  • Assurance that property will be sold at true market value 
  • Property is sold within a relatively short period of time  Exposes the property to many potential purchasers 
  • Auctions bring people in to look at all your listings, not just the auction listing
  • Successful auctions result in referrals and return business 
  • Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker