Auction Method
- Property marketed separately.
- Price negotiated up.
- Up-front marketing expenses.
- Sold “as-is, where-is.”
- Pre-qualified bidders.
- Predetermined sale date.
Traditional Listing
- Property listed in portfolio of other properties.
- Price negotiated down.
- Broker typically absorbs marketing fees.
- Post-sale contingencies.
- Possible financing contingencies.
- Sale date unknown.