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Focus is on your property alone.
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Property one of many being advertised.
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Auction conducted
in 60-90 days or less.
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May remain on market
for months or years.
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Exclusively showcases
throughout the marketplace.
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Minimal advertising; heavy reliance on Multiple
Listing Service.
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Buyers act on your schedule.
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Little motivation for buyers; you wait for them.
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Auction creates a sense of urgency to
promote buyer interest.
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Price reduction encouraged to create buyer interest
and activity.
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Realizes the property's fair market value. No limit
on upside potential.
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Upside potential limited by asking price.
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Eliminates guesswork in determining the asking
price of the property.
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Seller risks overpricing, and thus seeing little
interest, or
underpricing and selling for less than the property
is worth.
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All conditions of sale set by seller in advance,
thus eliminating negotiations.
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Seller must negotiate all aspects of sale.
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Property sold without contingencies.
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Contingencies are common.
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