Commitment to Sell. When you attend an auction, you’ll know that the seller is committed to selling the property on auction day.
No Risk of Overpaying. With traditional real estate sales, many buyers of luxury homes, ranches, penthouse apartments and other properties worry that they will pay too much. However, with an auction, the visible market value is established. So if you are the successful bidder, you will know that your price is fair market value.