-
Carrying
costs are eliminated
-
Assets
are sold at true market value
-
Increased
market exposure
-
Rapid
disposition of assets on a cash contract basis
-
Creates
competition among buyers
-
There
are no contingencies of sale
-
The
seller knows exactly when the asset will sell
-
Eliminates
unscheduled showings
-
Ensures
an aggressive marketing program to increase
interest, visibility, and exposure of the asset
-
Higher value
assets (e.g. real estate) require
substantial bidder
deposits which ensures sale completion
-
Proceeds
from personal property auction sales are dispersed
no later than 30
days
after the
sale
- Proceeds from real property auctions are dispersed at closing,
usually within 30-60 days of sale