Results in offers in 45 days or less.

Extensive advertising featuring your property exclusively.

Buyers act on your schedule.

Auction provides catalyst to promote buyer interest.

Realizes the property's true market value. No limit on upside potential.

Eliminates guesswork in determining the asking price of the property.

All conditions of sale set in advance, thus eliminating negotiations.

Property sold without contingencies.

All offers are presented to the seller before and during the auction.

Reduction / elimination of carrying costs (mortgage, taxes, insurance, maintenance, etc.) due to a timely disposition.

At Pacific Investment Properties EVERYONE WINS!!

May remain on market for months or years.

Minimal advertising; heavy reliance on Multiple Listing Service.

Little motivation for buyers; you wait for them.

Price reduction encouraged to create buyer interest in activity.

Upside potential limited by asking price.

Seller risks overpricing, and thus seeing little interest, or under pricing and selling for less than the property is worth.

Seller must negotiate all aspects of sale.

Contingencies are common.

Few offers are received; multiple offers at one time are rare.

Carrying costs can be incurred for months and even years which eat away at the bottom line number the seller will net at the time of sale.

Buyers come prepared to buy.

Quick disposal reduces long-term carrying costs, including taxes & maintenance.

Assurance the property will be sold at true market value.

Exposes the property to a large number of pre-qualined prospects.

Accelerates the sale.

Creates competition among buyers - auction price can exceed the price of a negotiated sale.

Requires potential buyers to pre-qualify for financing.

Ensures an aggressive marketing program that increases interest and visibility.

The seller knows exactly when the property will sell.

Eliminates numerous and unscheduled showings.

Smart investments are made as properties are usually purchased at fair market value through competitive bidding.

The buyer knows the seller is committed to sell.

In multi-property auctions the buyer sees many offerings in the same place at the same time.

Buyers determine the purchase price.

Auctions eliminate long negotiation periods.

Auctions reduce time to purchase property.

Purchasing and closing dates are known.

Buyers know they are competing fairly and on the same terms as all other buyers.

Buyers receive detailed and comprehensive information about a property via a Property Information Package (PIP).

Allows YOU, the buyer the ability to set YOUR price.