Seller Benefits

Never has to worry about selling too cheap
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Offers the seller another option
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Creates competition among buyers; auction price can exceed the price of a negotiated sale
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An auction generates excitement and heightens buyer interest
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Exposes the property to a large number of pre-qualified prospects
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Requires that potential buyers pre-qualify for loans
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Property is sold as is, where is and how is without contingencies
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Accelerates sales; the property can sometimes be sold within three weeks of listing
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Eliminates high seller carrying costs; (such as interest, taxes, maintenance)
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Auction brings interested buyers to a point of decision; they must act now or lose an opportunity to purchase
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Auction is a true market forum; the highest buyer pays the lowest price a seller will accept
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A seller knows exactly when the property will sell
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A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction (depending on auction type), and actively participates in the sale process
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Reduce the time the property is on the market
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Eliminate numerous and unscheduled showings
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Take the seller out of the negotiation process
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Is an aggressive, advance marketing program that increases potential interest in and awareness of a property
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The seller is able to obtain liquidity
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The seller is able to move on to other investments and free up capital

Buyer Benefits

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Purchase property at fair market value
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Never has to worry about paying too much
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Eliminate sometimes long negotiation periods
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Reduce time to purchase property
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Gain confidence as they compete
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Do not have to worry about contingencies because purchasing and closing dates are known
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Feel better about a purchase; just knowing there is a contending bid just one increment under purchase price
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Buyers know property owners are motivated to sell
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Buyers know property owners sell at lowest price possible
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Buyers can receive favorable financing
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Buyers set their own purchase price

check out our website at

www.barclayauctions.com