What are the benefits of a real estate auction?

Smart investments are made as properties are sold through a competitive bidding process
Buyers receive comprehensive information on the property through a bidder’s information kit
The sale and closing dates are known
Auctions eliminate long negotiation periods
Buyers know the seller is committed to sell
Buyers determine the purchase price
Buyers know they are competing fairly and on the same terms as all other buyers
In multi-property auctions the buyer sees many offerings in the same place at the same time.