Is it complicated or difficult for a seller to sell real estate at auction?
No, it is actually very simple. An auction agreement is much like a conventional real estate listing in that both specify the parties to the agreement (contract), property description, an effective date, and a termination date. The termination date is established with respect to the auction date, which is also specified. During the period between these dates the auctioneer will actively advertise, market, sell, and contract the sale between the seller and the buyer. He will then maintain communication with the seller, buyer, and closing agent until the transaction is properly completed. It is not only simple, but with a known date on which you will receive market value for your property.
