Auction Benefits

Auction Benefits & Why Sellers Love Auctions

Walker Auction & Realty LLC works with probate and family law attorneys as well as everyday people, small businesses, and farmers, assisting them in getting the most for their property through TN real estate auctions, personal property auctions and traditional real estate listings.

Is your property not getting the attention it deserves? Tired of waiting around for a Buyer? Not interested in another price reduction? The word "auction" has its origin from the Latin augere, "to increase." The auction method of sales utilizes competitive bidding rather than setting a price ceiling, which often invites haggling. Auctions are simple and straight-forward. A date of sale is determined by the seller and auctioneer as well as the terms. Buyers perform inspections and due diligence in advance and sign non-contingent contracts, backed by non-refundable deposits. Closings and property transfer usually occurs within 30 days, at which point the seller recaptures capital from an asset and is free to move on to other business. 

Real estate auctions have a history dating back to 500 BC. More recently, auctions have grown in popularity across the country, becoming recognized as a smart choice for marketing and selling real property. Below is a list of advantages real estate auctions offer sellers So why sell at auction?

Top Ten Reason to Sell Real Estate at Auction:

  1. Auctions Reduce the Holding Costs, Selling Costs and Maximize Returns 
  2. Auctions Allow Sellers to Accelerated Sales Process and Determine Sale Date 
  3. Auctions Drive the Price UP Rather than Bargaining Down 
  4. Auctions Creates Competition Among Bidders 
  5. Auctions Attract Qualified and Serious Buyers 
  6. Auctions Result in Non-Contingent Contracts with Non-Refundable Deposits 
  7. Auction Properties Transfer "As-Is, Where Is, with Any and All Faults" 
  8. Absolute Auctions Elevates Buyer Responsiveness 
  9. Reserve Auctions Provide Sellers with Price Protection 
  10. Auction Marketing is Aggressive and Generates Extreme Exposure

So why choose auction?

It's the smartest, simplest choice to maximize your real estate and personal property assets.

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