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There are many advantages to selling Real Estate at Auction especially in a hot market. Auction Advantages: 1. Control of the Sale a. An Auction puts you, the Seller in control i. As the Seller you name the Terms & Condition b. Ordinary Real Estate process i. The Buyer immediately takes control. They bring you an offer (often less than you are asking) with a list of contingencies. 2. Expediency - An Auction accelerates the process! a. As the Seller you name the date and time of the sale i. You are not subject to waiting for a Buyer's life to evolve. ii. Usually closes within 30 days of Auction. 3. No Contingencies a. The property sells "AS IS, WHERE IS, WITH ALL FAULTS, BUYER BEWARE" i. Not subject to having to make repairs. ii. Not subject to having to pass inspections. iii. Not subject to other property selling. iv. Not subject to anything. 4. Greater Return a. The Buyer pays the Auctioneer's commission. b. The Seller receives 100% of the Highest Final Bid (less - closing cost) c. No Cost of Holding i. How much less can you sell your property for today and still be equal to selling 6 months from now? ii. What is your time worth for the Selling timeframe? d. You only pay marketing. e. No CEILING on the price. i. Ordinary Real Estate process allows a buyer to make a "full offer" and you are compelled to sell. ii. A Real Estate Auction provides for competitive bidding and sells to the party that commits to paying the MOST. 5. Before we jump into a Real Estate Auction we like to evaluate the property. We want to give you a value range of expectation. If it is necessary to set a "Reserve" we want to be sure we find it obtainable. It is also very important to know that a "reserve price" is different (& more effective) than a "listing price", and needs to be kept confidential. Instead of offers coming in for less, the price continues to Rise! 6. Is this Property is a Candidate for a Real Estate Auction? Please provide: a. The tax card or a copy of a recent tax bill. b. A recent appraisal if available. c. A mortgage survey if available. Thank You for considering Tim Narhi to help you get the most for your Real Estate. Tim Narhi Auctioneer & Associates, Tim Narhi Broker 810.266.6474 narhiauctions.com