For Buyers:

The seller is fully committed to sell, the property will be sold at fair market value by determining the purchase price and long negotiation periods are eliminated. Buyers know they are competing fairly and on the same terms as all other buyers. Buyers receive comprehensive information packets on the property prior to the auction. Additional benefits include the following:

  • The buyer knows the seller is fully committed to sell the property.
  • The 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 the property via a Property Information Packet.
  • Buyers know that auctions reduce the time to purchase property (1031 exchange)
  • Auctions eliminate long negotiation processes.
  • The buyer determines the purchase price.
  • In multi-property auctions, the buyer sees many offerings in the same place at the same time.

 


Copyright 2007 Criterion Properties LLC.