• The value of the property is determined openly by the buyers
• Totally transparent negotiations. During the auction you can visually see the competition and what level they are willing to pay for the property
• Opportunity to nominate your price under a controlled condition
• Your cash unconditional offer is an incentive for the seller
• Opportunity to buy before the auction • Avoids delays, no protracted negotiations
• If you are the highest bidder and the property is passed in, you will have the first right to continue negotiations with the seller
• You can avoid out of control emotions by having a third party bid for you up to a predetermined and calculated limit
• All parties are heavily committed, so a result on the day is priority
• Terms of the sale are clear and definite
• More than one bite of the cherry when negotiating
• Greatly reduced chance of disputes in transaction
• No disappointment in missing out in buying by a small amount
• Time of settlement is fixed
• Generally, no complications or delays
• Bring the sale to a head and in a quicker time frame

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