Auctioneers fees source

kkmaan

Registered User
Messages
57
Currently in the process of selling my home and buying another.

My current house is in neg equity, so we have got a neg equity mortgage from AIB.

Just wondering how does the auctioneer usually get paid? does it come off the sale money, or do i usually pay direct from my own personal money?
 
The purchaser will usually pay a booking deposit €3k - €5k to the auctioneer. When the contracts are closed the solicitor will write to the auctioneer and the auctioneer will deduct their fee from the deposit and give you the balance or request any balance due.
 
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