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From Realtors.org:

    What Factors Impact the Success of an Auction?

· The seller must have realistic expectations, including a fair sales price, terms and timing

· Since a variety of auction methods are available, carefully choose the auction type that best suits the property and the seller's needs.

· A well planned, aggressive marketing/advertising campaign targeted to prospective purchasers is critical to an auction's success.

· Using a recognized real estate auction company or a REALTOR® auctioneer to ensure the auction is conducted in a professional manner and followed-up through closing.

· Preparing the property for sale so it is presented to prospects in its best condition. (i.e.., title insurance, clean-up, financing, etc...)