Why Auction

Since ancient times, the auction block has offered buyers and sellers an arena for the lively exchange of goods. Now individuals, corporations and banks routinely use auctions as a tool to manage assets. In the last decade alone, the use of auctions in this country has skyrocketed, with an increase of more than 1,000 percent.

Continued popularity is expected to grow because auctions:

• allow sellers to exceed the asking price.
• dramatically reduce expensive holding costs such as depreciation, insurance, interest, maintenance fees, vandalism, theft and damage from acts of nature.
• determine fair market value.. .without guesswork.
• bring together, in one location, all the individuals interested in the property and then stimulates their natural competitiveness.
• benefit government and lending institutions because they are conducted in the clear light of day with every person holding the right to bid, generate cash quickly without any hint of impropriety and give citizens easy access to a great variety of properties.
• provide a total marketing plan that includes intensive direct mail, newspaper and periodical advertising and electronic media, including television, radio and Internet advertising.