Auctions Lancaster PA Auctioneers

Auction Advantages

Seller Advantages

  • Auction offers the seller an alternative marketing strategy.
  • Auction creates competition among buyers - auction price can exceed the price of a negotiated sale. An auction generates excitement and heightens buyer interest.
  • Auction exposes the property to a large number of pre-qualified prospects.
  • Auction requires that potential buyers pre-qualify for loans.
  • Professional auction sign on property in and of itself creates urgency and action.
  • Accelerates sales - The property can sometimes be sold within six to eight weeks of listing.
  • Eliminates high seller carrying costs - (such as interest, taxes, water, sewer, heat, maintenance, etc.)
  • Auction generally requires buyer to pay both transfer taxes (1% savings to seller).
  • Auction brings interested buyers to a point of decision - they must act now or lose an opportunity to purchase.
  • Auction requires buyer deposit of 10%, thus calling buyer to a greater commitment.
  • Auction is a true market forum - the highest buyer pays the lowest price a seller will accept.
  • Auction reduces the time the property is on the open market.
  • Auction eliminates numerous and unscheduled showings to unqualified prospects.
  • Auction takes the seller out of the negotiation process and eliminates senseless contingencies.
  • Auction is an aggressive, advance marketing program that increases potential interest in and awareness of a specific property and gives the exact address for drive by prospects.
  • A seller knows exactly when the property will sell and when he will receive his proceeds.
  • A seller sets the terms and conditions of the sale, maintains control of the property throughout the auction (depending on auction type), and actively participates in the sale process.
  • Seller has professional Realtor and Associates working with a professional Real Estate Auctioneer to market their property in the most efficient way.
  • Seller is able to free up capital and move on to another house or investment.
  • Seller nets more cash that buy-in or sure sale programs typically used by real estate agencies.

Buyer Advantages

  • Purchase property at fair market value based on selling price, not asking price.
  • Eliminate often long negotiation periods and brings transaction to the table.
  • Reduce time to purchase property and hold a closing.
  • Gain confidence as they compete in bidding process realizing others are truly interested
  • Do not have to worry about contingencies because purchasing and closing dates are known.
  • Feel better about purchase - just knowing there is a contending bid just one increment under purchase price.
  • Buyers know property owners are motivated to sell and sense an advantage.
  • Buyers can receive favorable financing within a few days of auction.
  • Buyers set their own purchase price by negotiating the price up while bidding.

Broker participation buyer registration form

The Broker Participation Buyer Registration Form is for a Broker or Realtor that would like to register a client as a prospective buyer for an auction being conducted by Kline, Kreider & Good Auctioneers. Click on the link below to download the form.

Download Broker Participation Buyer Registration Form