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Q. What Are the Benefits of an Absolute Auction?
A. The Real Estate Auction is definitely a win-win for everyone
involved. The seller disposes of properties quickly and
efficiently, thereby saving long-term carrying costs such as
interest, real estate taxes and maintenance. Because the
auction sale is conducted in an open forum, both motivated
buyers and motivated sellers will watch the property's true
market value come to light as the auction progresses and closes.
ABSOLUTE
AUCTIONor auction without reservation. In this type of
auction, the properties are sold to the highest bidder,
regardless of the price.* Because of this, the absolute auction
brings all interested buyers and sellers into one place at the
same time for a single purpose - to determine who will pay the
most for the property. Because this type of auction generates a
large response, many estate properties, financial institutions
and government agencies have begun to use the absolute auction
more frequently.
If you are
thinking about an auction, please contact us at (859) 332-7343.
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