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Auctions are unique for many reasons but one of the biggest is this: auctions benefit both the buyers and the sellers! That’s right – Not only can you get top dollar for your sellable items at auction, but you can also score great deals. Having hosted some of the largest and best auctions in the Midwest, Backes Auctioneers can tell you just how this mutually beneficial relationship works! 

Buyers 

• Buyers can make smart investments by purchasing items at their fair market value 

• There is no wondering about the intentions of the seller—they are there to sell 

• Buyers determine the ultimate purchase price 

• There are no negotiations in a live auction 

• Buyers usually leave the auction with their purchased items 

• There is a finite time that items are up for sale 

• The ground is even when it comes to purchasing – Buyers know they are in fair competition for the item 

Sellers 

• Buyers come prepared to make a purchase 

• Quick disposal reduces carrying costs, including taxes and maintenance – especially helpful for those wanting to liquidate 

• An obtainable goal that the item will be sold at true market value 

• Advantage of having the auction house’s connections and market to expose items to a large number of often pre-qualified prospects 

• Accelerates the sale 

• Auction sale price can often exceed the price of an otherwise negotiated sale due to buyer competition 

• Seller knows exactly when the items will sell 

• Eliminates solicitations and showings 

• Takes the seller out of the negotiation process 

• Ensures an aggressive marketing program that increases interest and visibility