In Part one of this blog post we discussed several advantages of real property auctions Arizona.

Real Property Auctions Arizona Create Buyer Competition

• The auction process encourages multiple buyers to compete to purchase your property
• Competition generates excitement and motivates buyers
• Competitive bidding often draws prices higher than the seller’s expectations

Real Property Auctions Arizona Provide Good Buyer Candidates

• High demand, broad interest properties where competition between buyers would increase price
• Property a seller desires to convert to cash quickly
• Properties owned by seller who has purchased second property using a bridge loan or who has signed a contract for property “subject to the sale of existing property”
• Estate and surplus properties
• Inactive real estate listing needing a fresh marketing approach

BENEFITS TO THE REAL PROPERTY AUCTION ARIZONA 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 REAL PROPERTY AUCTION ARIZONA 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

For more information about real property auctions Arizona, contact Auction Systems.