WHY AUCTIONS WORK
© 2023 Wester Auction & Realty, Inc
More than ever, auctions are providing fantastic results for both buyers and sellers. With the launch into the online world, auctions are now reaching audiences like never before. Gone are the days of live bidding only. Buyers are now placing their bids on the go from their phones, or from the comfort of their own homes.
While all aspects of the auction world are growing rapidly, Real Estate auctions are the fastest-growing segment. Free from the traditional real estate process where the buyers submit offers to the seller - never knowing how high their offer should be in order to win the property, the auction process is transparent with all bids being disclosed. This benefits the sellers by getting the most for their property. The buyer also benefits by allowing them the opportunity to not miss out due to undisclosed offers.
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Auctions provide a designated time for your items or property to be sold. An auction closing date creates urgency and action on behalf of the buyer. Auctions receive great exposure after a carefully planned marketing campaign to attract a large audience of potential bidders.
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When trying to sell a property or liquidate business assets, potential buyers typically try to negotiate the price down. An auction reverses this process since multiple buyers compete against each other, driving the price up.
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We want you to completely understand the auction process before selling or buying with us. If there are any questions we can answer, please don't hesitate to reach out to us. We are here to serve you in any way possible.
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