The public-outcry auction provides many advantages to sellers and buyers over alternative asset disposal methods. Among these opportunities are:

• Provides excitement, encourages competition, and focuses attention on a "date certain" sale.
• Provides open, fair, and non-discriminatory bidding environment, greatly enhancing opportunities for all purchasers.
• Eliminates high carrying costs.
• Reduces marketing time.
• Creates urgency and energy, a climate that tends to maximize the sale proceeds to the seller.
• Promises minimal defaults because substantial bid deposits are required.
• Provides immediate confirmation of sale.
• Minimizes negotiations between the buyer and the seller.
• Provides a market-based verification of value.
• Provides individual sellers in multiple owner auctions with the benefits of auction marketing at an affordable cost.
• Terms of the sale are already understood and accepted before a bid is placed or accepted.
• Allows individual parcels of land to be offered divided and as a whole in the same day, by-passing long and uncertain retail sales efforts.