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Sellers have two options when offering their properties for auction.

Option #1: ABSOLUTE

An Absolute sale is one where the property is sold to the highest qualified bidder with no limiting conditions of amount.  Also known as an auction without reserve.
 
Note:  Statistics show that absolute sales command more attention from buyers, secure more opening bids, and consequently achieve higher prices.
 
OPTION #2: RESERVE

A Reserve is a minimum price for which a property will sell on auction day.  If the auction bidding does not reach this minimum, the seller is not obligated to sell.
 
Note:  We are very selective in regards to which properties are accepted on a reserve basis.

Seller Benefits:

• 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

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