Durham Realty & Auction - Benefits of Selling by Auction

Auction Event	Traditional Sale
Focus is on your property alone.	Property of many being advertised and shown.
Results in offers in as little as 30 days.	May remain on market for months or years.
Extensive advertising featuring your property.	Minimal advertising; heavy reliance on Multiple Listing Service.
Buyers act on your schedule.	Little time motivation for buyers - you wait for them.
Auction provides catalyst to promote buyer interest.	Price reduction encouraged to create buyer interest in activity.
No limit on upside potential.	Upside potential limited by asking price.
Eliminates guesswork in determining the asking price of the property.	Seller risks overpricing. and thus seeing little interest, or under pricing, and accepting too little.
All conditions of sale set in advance, thus eliminating negotiations.	Seller must negotiate all aspects of sale.
Property sold without contingencies.	Contingencies are common

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Auction Firm License #364 /Real Estate Firm License # 7365Copyright 2004-2009, Durham Realty & Auction Company, Inc.

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