Benefits to the Buyer
· Smart investments are made as properties are usually purchased at fair market value through competitive bidding
· The buyer knows the seller is committed to sell
· In multi-property auctions the buyer sees many offerings in the same place at the same time
· Buyers determine the purchase price
· Auctions eliminate long negotiation periods
· Auctions reduce time to purchase property
· 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 property via due diligence packet