Sellers set time frame for auction and conditions.
Auction marketing creates competition among buyers
Auction agreement requires buyers to make a decision by a set date
Showings are typically during set open house times, rather than sporadic random appointments
Avoid many contingencies associated with inspections, which are common with most conventional Real Estate transactions.
Sellers typically pays less commission and expenses with an auction, than the conventional Real Estate transaction and the transfer tax is typically paid by the buyer.
