Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Are The Advantages To The Buyer In An Auction Situation?

April 26, 2017advantages auction buyer

0

10 Posted

What Are The Advantages To The Buyer In An Auction Situation?

1 Answer

0

10 Posted

Buyers participate in an open forum where the market value of a property is reached competitively. The buyer knows that others value the property. The buyer is certain that the seller is committed to the sale. (The seller is required to accept the highest bid in a absolute auction or the highest bid that meets or exceeds the minimum bid in an auction with reservation.