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Caution in the auction room could be costing investors
Investors that wait to pick off unsold lots after auctions could often get a better deal in the ballroom.
Deciding to sell at auction
Deciding whether to sell by public auction or private treaty is ultimately about what is right for the seller. Auction, however, does provide a higher degree of certainty which can be very appealing, especially if time is a factor in the sale as once the gavel falls a legal and binding contract is made