Why Auction?

Reasons Why a Real Estate Auction benefits you as A Seller:

1. Seller Defined Terms: The Seller has full control (when, where, how much, terms & conditions etc.).  Typically, auction property is sold for cash with no seller financing, or buyer contingencies.

2. Expediency of Sale:  A quick sale will eliminate holding costs.

3. Auctions are “AS IS”. Seller only warrants good title.

4. Satisfies Governmental and Judicial requirements.

5. Creates excitement and urgency within the market place.

6. Auctions are the only method that truly reveals the current fair market value.  It   establishes a floor and eliminates the ceiling on pricing.

Reasons Why a Real Estate Auction Benefits you as a Buyer:

1. An Auction assures the buyer that the seller is committed to selling the property.

2. An Auction allows the buyer to purchase the property at fair market value, a price determined through competitive bidding. All bidders openly compete with one another.

3. An Auction eliminates the long negotiation process.

4. The buyer is required to arrange for financing prior to the auction.  This establishes his comfort zone in the bidding process.

5. The buyer is assured that he is negotiating fairly, and on the same terms as all other bidders.

6. The buyer is permitted to be represented by his real estate agent, if the agent is registered with the Dunn Properties prior to the Auction.