Real Estate Auction Advantages

Advantages of an Auction
(As established by Jim Smith of Smith and Smith, Realtors) 

Seller Advantages

Time
Unlike a conventional listing for sale, an auction predetermines the sale date. 

Associated costs
Sale costs will be similar to a conventional listing. Closing costs will be less. Proceeds of the sale are more quickly received. Sellers are never "penalized" with unnecessary fees when they do not accept high bids achieved at auction. 

Terms & Conditions
Property showings, terms of sale, sale dates, and closing dates are predetermined. 

Buyer Advantages

Inspections & Disclosures
All information on disclosures and the right to inspect are completed prior to the sale of the property. 

Contract Terms
The Contract of Sale is available for review prior to the sale. 

Closing
In most cases, title work has been completed prior to the sale. This will result in a quicker closing.

As always, if you have any specific questions about these various advantages of selling your real estate at auction, feel free to give Jim a call!

Smith and Smith, Realtors
"Providing Homes for Tulsa's Diverse Community"
Jim Smith, Owner & Broker
4845 South Sheridan, Suite 509A
Tulsa, Oklahoma 74145
Office: (918) 622-0402
Cell: (918) 671-8724
Fax: (918) 806-8019
SMITH.AND.SMITH@SBCGLOBAL.NET
WWW.SMITHANDSMITHREALTORS.COM

For more information about selling real estate at auction, please see our webpage entitled “Real Estate Auctions”.