Buyer advantages

· Committed Sellers: In a sense, sellers have to audition their properties to be accepted into the Benchmark auction process. Every seller is committed to selling their property and not just “fishing.”

· No Extended Negotiations: The open bid process eliminates the sometimes painful process of offer and counter offer negotiations. You bid, you win, and both parties sign a contract. Simple and done. This is especially good if you have a specific deadline.

· You Pay The Market Price: With the auction process, each buyer can clearly see what the other buyers are offering. The coming together of a motivated seller with multiple motivated buyers is the only way to establish a true market value for a property. The successful bidder pays only the true market value.

· Everyone Sees the Accepted Offer: When the auction is concluded, you see for yourself what the final price was since there are no concealed, third party representations.

Some Simple Advice

Buying a property at auction is simple, but do your due diligence and make your financial arrangements beforehand. Be certain you have answered all the questions you have about the property and have a value fixed in your mind that the property represents to you. In other words, know what you are will to pay for it, before you walk onto the bid floor.

It’s a simple process and is completely transparent. The highest bidder wins! Have fun with it!