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 Alexandria Home Sales, LLC

        Now Booking Auctions for 2017

Call 320-808-6923 To Reserve Your Date!

Buyer Benefits

What are the advantages to the buyer in an auction situation?

  • Buyer knows the seller is fully committed to sell.
    Auction agreements obligate the seller to transfer title to the highest bidder in an absolute auction; the auction agreement obligates the seller to transfer the title to the highest bidder that meets or exceeds the reserve price in a non-absolute offering.
  • The buyer knows he/she is getting the property at a fair market price.
    The buyer feels comfortable with the purchase knowing that there is a contending bid just one increment under the purchase price.
  • The buyer has negotiating power.
    The buyer can withdraw from the bidding at any time until the gavel falls.
  • The buyer sees many offerings in the same place at the same time.
    He is able to make market comparisons quickly and easily.
 

Other Benefits:

  • Buyers set their own purchase price.
  • Auctions elimate sometimes long negotiating periods.
  • Auctions reduce time to purchase property.
  • Buyers do not have to worry about contingencies because purchasing and closing dates are known.
  • Buyers know property owners sell at lowest price possible.
  • Buyers can receive favorable financing.