Industrial property auctions lack the bidders since the bidders need to belong in the same line. Unless it is useful for them no one is interested in buying such properties.
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The word auction itself indicates fetch higher price than its original price. It is a
Latin word which is used to enhance the price of the property. When the
property is valuable, and bidders are interested in the purchase of the said assets,
then there will be no problem. The problem arises when there are no bidders, or
when bidders don’t show interest in buying the intended property.
Buyers refuse bidding when there is no proper guide with respect to the prices of
existing property and advantages of buying the auctioned property. Suitable price
guide encourages buyers motivating them in bidding for the property. Industrial
property auctions lack the bidders since the bidders need to belong in the same
line. Unless it is useful for them no one is interested in buying such properties.
But the advantage of selling through auction is that it fetches higher price, than
the normal prices it could have fetched otherwise.
The negotiations, pressures, risks involved the very aspect of elaborative
documents, legal formalities when bankers or more than two financial institutions
are involved is considered as the worst case to deal with in the market.
Therefore, industrial property auctions are more than often carried by the people
who are experts with a wide range of experience in the concerned field.
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