FAQ: Auctions

1. General  auctions FAQ
2. Why auctions? What benefit can I get from auctions?
3. Procedures of auctions
4. What is Success Auctioneers current auction cases?

The Benefits of auctions case

1. The seller determines the date and time of the sale.

2. Timely auction allows the seller to reduce holding costs.

3. An auction environment arouses the competitive spirit among the prospective bidders

4. Setting a specific date and time of sales creates a sense of urgency and forces the prospective buyers to the point of decision.

5. The seller can set terms and conditions of the auction and avoid lengthy negotiations of price and terms associated with traditional sale.

6. An advertisement program is tailored to the seller's property, which will attract the largest possible number of potential buyers. This insures a true market value for the property as determined by the market forces.

7. Auction allows the price to increase freely. This often leads to a higher sale price than would have been obtained by traditional sale.

8. Historically, when the market is on an upswing, public auctions have been known to establish the highest price. When the market is declining, an auction will capture the current market price before values drop.

9. The competitive bidding format creates confidence among buyers when they see other bidders willing to pay similar amount for the property.

For more detail or any others question, please kindly to contact us via phone

| Success Auctioneer | 088-241234 or e-mail to: swr@swrealtors.com.my

| Back |
_______________________________________________________________________________

^{----------  Copyright © 2003 Stephen Wong Realtors. All Rights Reserved ®  ----------}