- Restricted established price.
- Marketing time is several months, even years. With price adjustments until accepted by the market.
- Modest advertising budgeted over the long listing period. Relies on MLS broker. Just one of many being advertised.
- Buyers wait for price reduction and seller to soften.
- Buy-Sell Agreement is subject to inspections resulting in renegotiations and seller concessions.
- Buy-Sell Agreement subject to financing. Your property is off the market 30, 60, 90 days or longer, with no guarantee.
- Personal property often included and sacrificed by seller with no compensation.
- Modest refundable deposit if any condition of purchase is not satisfied, deposit returned and marketing time is lost.
- May represent buyer and seller.
- Buyer dictates terms.
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- No ceiling on price.
- Marketing time is 60 days or less. With an advertised sale date as a deadline.
- Comprehensive advertising campaign that singles out your property and the targeted auction date.
- Advertised date of sale triggers interest and creates buyer urgency to act.
- Property sold "As is, where is, with all faults, no warranties expressed or implied". Buyer conducts inspections prior to auction.
- No financing contingency, cash transaction, financing arrangements made prior to auction.
- No inclusions. Auction terms well defined and governs.
- Large nonrefundable deposit required that qualifies buyer and certainty of transaction closing.
- Exclusively seller's agents.
- Seller dictates terms.
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