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In a down market with dozens of boats for sale, chancing upon your ideal boat by way of an Online Auction could be a dream come true.
An Online Auction is the one way that realises the vessel’s true market value at that moment. The market determines what the price of a boat is at a certain time.
In a buyers’ market buoyed by many boats for sale, the promise of good value is a key benefit of an Online Boat Auction. With an Online Auction, the owner of the boat displays to the public a genuine intention to sell. Not that he or she is just testing the market. This is a key benefit for buyers attracted by the promise of good value when buying a boat.
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Competition is tougher with so many boats on the market. Potential purchasers of any type of boat are keen to invest time, effort and money. They investigate the purchase of the boat only when they believe it is genuinely ‘For Sale’. With sellers listing at an online auction, buyers have the benefit of knowing the seller is keen.
The Online Auction method of sale is one of the most positive methods of transacting any type of vessel. An Online Auction creates a sense of urgency and excitement. This is on the assumption that the owner of the vessel is a serious seller and the boat is genuinely for sale . This creates a dynamic market place for a faster transfer of the ownership of vessels.
The short sales cycle concluded at the date of the Online Auction creates urgency and momentum. The buyer can be confident of completing the transaction in a shorter time frame with minimal down time.
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