The advantages of using the auction method or competitive bidding process for selling multi-parcel real estate; commercial property, residential property, hunting and recreation property. agricultural real estate and farm land; farm equipment and machinery; estate sales; personal property and consignment; antiques and collectibles; bulk sales or transfers; business liquidations; foreclosure and REO auctions;under performing financial instruments and assets at auction includes: allowing the seller to set a date and time for completing the sale, avoids lengthy negotiations, creates a sense of urgency, custom marketing and advertising, establishes market-value real-time, buyers are pre-qualified and the auction environment creates a competitive environment.

• The seller gets to determine the date and time at which the property will be sold. Using the auction method, property can typically be marketed and sold within a four to six week time frame.
• A timely auction allows the seller to drastically reduce holding costs such as taxes, insurance and maintenance.
• An auction environment arouses the competitive spirit among the prospective bidders.
• Setting a specific date and time of sale creates a sense of urgency and forces the prospective buyers to a point of decision.
• The seller can set the terms of the auction, thereby avoiding lengthy negotiations of price and terms.
• An advertising program is tailored to the seller's property which will attract the largest number of potential buyers. This insures a true "market value" price for the property on the day of the auction.
• There is no ceiling price set on the property, which allows the price to increase freely with no limit.
• Historically, when the market is on the upswing, public auctions have established the highest prices. When the market is declining, an auction will capture the current market price before values drop.
• The competitive bidding format creates confidence among the buyers when they see other people willing to pay a similar amount for the property.