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Buyers are fully informed. Everything is provided before they make a decision to buy.
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All buyers are equal. No more getting ‘knocked out’ by an all cash offer, or by an offer with better terms.
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Eliminates the offer/counter offer cycle. Buyers know that they can respond to each and every offer (bid), and will never face a situation where an offer is made by another interested party, which is then accepted by the seller before they ever have a chance to react or counter offer themselves.
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Buyers enjoy the auction. For many bidders the auction takes a routine transaction and turns it into a fun and competitive event.
The stressful offer/counter offer phase is eliminated via the auction process
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