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Benefits of Auctions - Real Estate Agent's view
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Posted by: Tom Wood9/7/2007 8:55 PM

Here are some of the benefits of Real Estate Auctions from a Real Estate Agents point of view.

  • Agents have more sales options available instead of just MLS listings.
  • Agents can develop their own market niche, by offering auctions.
  • A property can be sold relatively quickly and sellers know the day it will close.
  • Auctions get a property noticed by many interested people and will generate a list of ready, qualified buyers.
  • Auctions bring people in and they will notice the agents other listings, not just the auction listing.
  • Successful auctions will result in referrals.
  • Auctions can be marketed as events to generate excitement and interest in a property.
  • Auctions give buyers a sense of urgency to act.
  • Auction buyers are usually pre-qualified and the highest bidder's deposit is non-refundable.

 

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