The real estate market has seen phenomenal growth globally. A lot of real estate deals are clinched through real estate auctions. A real estate auction is an effective method of selling real estate. It accelerates the entire process of marketing real estate that involves public sale of any property, through competitive bidding.A real estate auction is generally a win-win proposition for the seller as well as the buyer. The seller has the advantage of showing of his/her property to many potential customers at a single instance. Since the entire process is generally quick, long term carrying costs like taxes can be avoided by the seller, which places them at an advantage. This benefit is not available in other conventional modes of marketing. If the seller is lucky enough or the property is really good, the buyer?s auction price can exceed the price of the negotiated sale. Real estate auctions are a great way to increase the visibility of a property for sale, as well. The seller stands to gain from all these factors.