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What are the advantages to the seller in an absolute auction?

In: Repossession, Foreclosure, Economics [Edit categories]

Answer:

The property or item is almost guaranteed to sell, thus relieving the seller of the expenses and lack of income associated with the property.

Additionally, because the property or item is going to sell at any price this attracts more bidders/buyers in an otherwise saturated market or depressed market.

This means that on average we've found absolute auctions to bring up to 12% more at auction than an auction with reserve with similar properties in a similar area. Source: http://www.rowellauctions.com

First answer by ID1663641831. Last edit by Rowellauctions. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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