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Advantages of an Auction
If You Are The Seller
Time
Unlike a conventional listing for sale, an auction predetermines the sale date.
Costs
Sale costs will be similar to a conventional listing. Closing costs will be less. Proceeds of the sale are more quickly received.
Terms and Conditions
Property showings, terms of sale, sale dates, and closing dates are predetermined.
If You Are The Buyer
Inspections and Disclosures
All information on disclosures and the right to inspect are completed prior to the sale of the property.
Contract Terms
The Contract of Sale is available for review prior to the sale.
Closing
In most cases, title work has been completed prior to the sale. This will result in a quicker closing.
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