1. Buyers determine the purchase price.
2. The Buyer knows the Seller is committed to sell.
3. Auctions eliminate long negotiation periods.
4. Buyers know they are competing fairly and on the same terms as all other Buyers.
5. Purchasing and closing dates are known.
6. Auctions reduce time to purchase property.
7. Buyers receive comprehensive information on property via due diligence packet.
8. In multi-property auctions, the Buyer sees many offerings in the same place, at the same time.
9. Smart investments are made as properties are usually purchased at fair market value through competitive bidding.