What are the advantages to a buyer in an auction situation?
The buyer knows the seller is fully committed to sell. Auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. The buyer knows he is getting the property at a fair market price. The buyer feels comfortable with the purchase knowing that there is a contending bid just one increment under the purchase price. The buyer has negotiating power. The buyer can withdraw from the bidding at any time until the gavel falls. The buyer sees many offerings in the same place at the same time. He is able to make market comparisons quickly and easily. Other benefits are… • Buyers set their own purchase price. • Auctions eliminate sometimes long negotiation periods. • Auctions reduce time to purchase property. • Buyers do not have to worry about contingencies because purchasing and closing dates are known. •
At a Higgenbotham auction the buyer knows the seller is fully committed to sell. Our auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; likewise the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. Our buyer knows he is getting the property at a fair price. A buyer feels committed to the purchase knowing that there is a contending bid just one increment under the purchase price. A buyer can withdraw from the bidding at any time prior to the final gavel. Our buyer sees many offerings in the same place at the same time which enables him to make market comparisons quickly and easily.
The buyer knows the seller is fully committed to sell. Auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. The buyer knows he is getting the property at a fair market price. The buyer feels comfortable with the purchase knowing that there is a contending bid just one increment under the purchase price. The buyer has negotiating power. The buyer can withdraw from the bidding at any time until the gavel falls. The buyer sees many offerings in the same place at the same time. He is able to make market comparisons quickly and easily. Other benefits are: Buyers set their own purchase price. Auctions eliminate sometimes long negotiation periods. Auctions reduce time to purchase property. Buyers do not have to worry about contingencies because purchasing and closing dates are known. Buyers know
The buyer knows the seller is fully committed to sell. Auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. The buyer knows he is getting the property at a fair market price. The buyer feels comfortable with the purchase knowing that there is a contending bid just one increment under the purchase price. The buyer has negotiating power. The buyer can withdraw from the bidding at any time until the gavel falls. The buyer sees many offerings in the same place at the same time. He is able to make market comparisons quickly and easily. Other benefits are: * Buyers set their own purchase price. * Auctions eliminate sometimes long negotiation periods. * Auctions reduce time to purchase property. * Buyers do not have to worry about contingencies because purchasing and closing dates are known. * B
At a Shergills auction the buyer knows the seller is fully committed to sell. Our auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; likewise the auction agreement obligates the seller to transfer title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering. Our buyer knows he is getting the property at a fair price. A buyer feels committed to the purchase knowing that there is a contending bid just one increment under the purchase price. A buyer can withdraw from the bidding at any time prior to the final gavel. Our buyer sees many offerings in the same place at the same time which enables him to make market comparisons quickly and easily.
