Benefits of Auctions
Seller
- Seller knows exactly when the assets will sell
- Creates competition and urgency among buyers
- Seller can set the terms and conditions of the sale and maintain control of the property
- Assets are sold “as is, where is” without contingencies
- Eliminates high seller carrying cost while waiting on an item to sell
- Onsite and Online options of selling
Buyer
- Eliminates negotiations
- Buyer determines the purchase price and market value of an item
- Reduces time needed to purchase
- Buyer knows that seller is motivated to sell
- Fairly competing and on the same terms as all other buyers
- Buyers have access to assets that can be difficult to locate on any other marketplace
- Onsite and Online bidding platforms
