| 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 |