1 |
Focus is on your property alone |
Property of many being advertised and shown |
2 |
Results in offers in as little as 30 days |
May remain on market for months or years |
3 |
Extensive advertising featuring your property |
Minimal advertising: Heavy reliance on Multiple Listing Service |
4 |
Buyer's act on your schedule |
Little time motivation for buyers - you wait for them |
5 |
Auction provides catalyst to promote buyer interest |
Price reduction encouraged to create buyer interest in activity |
6 |
No limit on upside potential |
Upside potential limited by asking price |
7 |
Eliminates guesswork in determining the asking price of the property |
Seller risks overpricing and receives little interest -OR- risks underpricing and accepting too little |
8 |
All conditions of the sale set in advance, thus eliminating negotiations. |
Seller must negotiate all aspects of the sale |
9 |
Property sold without contingencies |
Contingencies are common |