Those who understand the transparency of auctions are those who see the benefits of an open forum negotiation process. Auction is a different process that achieves the same outcome as others but in a shorter time frame. Buyers do their investigations on a property in a timely manner and when completed they are in the powerful position to purchase on an unconditional basis. Vendors then allow all these buyers the first option to purchase in a manner where they can see their competition and compete in the open forum previously stated. This gives buyers reassurance that they will only have to pay a minimum amount more than someone else is prepared to pay. This process also gives property owners confidence they have achieved the best price the market is prepared to pay on auction day and brings them certainty on their way forward in life within an expedient timeframe.