Valid Reasons - Estate Auction

1)    Auctions eliminate the need for an evaluation. The true market value is determined on the open market by the auction.


2)    All heirs/beneficiaries have the opportunity to bid on any item.


3)    A known sale date is determined and the closing normally takes place within 30 days of the sale date.


4)    Insurance Cancellation - Many insurance companies will not renew an existing policy for structures (some even cancel them) when the structure becomes vacant.


5)   Theft and Vandalism - When homes and buildings are not occupied, they can become targets of thieves and vandals.


6) Time - Time becomes an important factor when dealing with estate assets. A professionally conducted auction helps eliminate the hurdles mentioned above in a short amount of time.