Let me start by saying that selling items by auction is one of the oldest methods known. It is also one of the best ways to discover the Fair Market Value of an item. The auction method of marketing is a fast paced, energetic and exciting method of selling real or personal property.
Now let's look at some of the top reasons for having an auction.
1) Buyers come PREPARED to buy.
2) Exposes the property to a large number of buyers.
3) Accelerates the sale.
4) Creates competition among buyers.
5) Potentially increases the price over a private transaction.
Lets discuss these in more detail. Buyers do come ready to buy. You come t...