A good auctioneer can mean the difference between a successful sale and an OK sale or no sale at all. The best auctioneers can create a lively atmosphere and a real sense of urgency, which encourages buyers to bid above your reserve price. Under the right circumstances, selling at auction could help you realise a higher sale price than a private sale.
If you have questions like, ‘how much does an auctioneer cost? Or how much does it cost to auction a house?’ then you should be aware that there is no set fee or regulated amount auctioneers charge. Each state does however have different rules and regulations around property auctions.
You can expect an auctioneer to charge anywhere from $400 to $1,000 to sell your home. The variance in these figures will come down to how experienced your auctioneer is and where you live. $1000 is usually at the top end of the scale – a fee an experienced auctioneer with a record of getting high bids could charge.
If you come across an auction service that is described as “free,” it will come out of the commission you pay your real estate agent. With that said, if you’re thinking of taking your property to auction, it’s a good idea to find out from your agent if the service will be free or if it will be an extra charge.
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