What Are the Benefits of a Real Estate Auction? The Seller

The real estate auction is a form of competition with inherent dynamics that cannot be duplicated by private real estate marketing. During the auction process, each bid reinforces the market value of the property which encourages continued bidding. In a traditional real estate sale, the buyer negotiates the seller down. In an auction, the buyer can win only if he outbids all other bidders. Additionally, a professionally-conducted auction eliminates potentially lengthy and costly sellout periods. It has often been demonstrated that a property that couldn't sell at any price was sold for top dollar in minutes at auction. This happens for two reasons:
The Benefits to the Seller:
What About the Buyer?   
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Vogel Auctions
1001 N. Main St.
Monticello, IN 47960
V: 574-583-3981 F: 574-583-5494