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