I have limited experience in this area, so this post is a skeleton post. Corrections and contributions welcome Do I need an auctioneer? Advantages They should know the market better They should be able to negotiate better on your behalf They should know some buyers in your area They should know how to suss out potential buyers to see if they are realistic or not They should give you advice on the correct pricing Most auctioneers have access to myhome.ie – private sellers can’t advertise on it Disadvantages They charge you a fee Many auctioneers are of very poor quality and are frustrating to deal with They want the sale at any price so they will encourage you to sell it for the first offer They may be dishonest and sell it to a friend and not pass on higher bids to you Prime Time programme on auctioneers What should I expect from an auctioneer when selling? Can I give my house to several auctioneers to sell? Auctioneer messing us around The estate agent selling my house is messing me around? Is auctioneer lying to us? Auctioneer is insisting we accept offer of asking price Auctioneer ignoring our offer to buy? Advice for buyers in dealing with auctioneers Selling directly without an auctioneer Advantages No fee Dealing directly with a purchaser cuts out a lot of the messing No pressure to sell at too low a price Disadvantages You lose all the advantages of using an auctioneer It takes time showing people through your house Potential buyers generally don’t like the seller to be present as they feel awkward criticizing the house Check out this thread: Selling house myself(without estate agent) Pros and cons of selling a house privately Selling my house privately – which websites? Same topic, different thread Where can I get a for sale sign made and erected? Websites where you can sell your home directly Choosing an auctioneer Look at houses for sale in your area. Which auctioneer has the most boards up? Pretend to be a buyer and call some auctioneers. Do they return your calls (in my experience, this is a huge problem.) Make appointments to see houses – see how they behave Check the brochures and website Ask neighbours and friends for their assessment Invite two or three around to propose. See how they handle it Some auctioneers will propose an high asking price just to get the business. Once they get the business, they will then suggest a lower price. So don’t choose an auctioneer solely on what they say they will sell the house for. Assessing the auctioneers proposals They should submit a written proposal for marketing the house. Is it realistic? Do they understand what you want? Have they any good suggestions? Fees Negotiate on fees. Ask them when they are proposing, what fee the will charge. Ask if it’s negotiable. Estate Agent fees How much do auctioneers charge? Setting the price This is very difficult and there are no right answers. It is my opinion, and just an opinion, that it is best to pitch it around 10% higher than you want. Buyers will offer around 20% less than the asking price. If you want a quick sale, consider setting a low price and asking for offers above this price. In practice though, I think buyers will still offer around 20% less than the asking price. What’s all this about BER? Anyone like to write a summary? I know nothing about it. If I find a buyer directly, do I still have to pay the fee to the auctioneer? Check the contract with the auctioneer. If you have a potential buyer in mind before you go to the auctioneer, tell the auctioneer about them and tell them that you will deal directly with that person if they do make an offer. Sacked estate agent looking for a fee? Checking on the auctioneer from time to time Get someone to call the auctioneer about the house and maybe visit it to see how the auctioneer is performing. There are many reports about auctioneers not passing on bids to the seller. Auctioneer is telling callers that my house is sale agreed, when it isn’t? Be prepared to show your house at short notice. If someone knocks at the door, then show them your house. If they are responding to an auctioneer’s sign or ad, then the fee is due to the auctioneer. Tell the auctioneer that you showed them the house. Obviously, you need to be careful about security if you do show the house yourself. Getting your house ready for viewing To be completed – suggestions welcome What do I do if I am unhappy with the auctioneer? If it’s a large firm, tell the Director responsible and ask for the agent dealing with your house to be replaced. But don’t be afraid to dismiss them. You will still have to pay them for advertising. You will also have to give them a fee if someone they showed the house to, buys it subsequently. Can I bypass the auctioneer and make an offer to the seller directly? Should I accept the offer? Buyer has not put their own house on the market yet? I can’t sell the house Reduce the price My house is on the market for one year and there is no sign of it selling Try a leaflet drop Help with selling Apartment won’t sell Lots of viewings, but no offers? I need a quick sale? How to sell my house fast? What is the legal process? You agree to sell the house to a buyer at a set price. The buyer pays a deposit to your solicitor Your solicitor draws up the contracts for sale and sends them to the buyer’s solicitor. The buyer should arrange a survey The buyer returns the signed contracts bringing the deposit up to 10% of the agreed price – up until this stage, the buyer can pull out and get their deposit back without giving any reason. You sign the contracts and send them back to the buyer – up until this stage you can pull out an return the deposit without giving any reason You close the sale on a set date around 4 weeks later Should I use the solicitor I bought the house through, to sell the house? Solicitor’s fees Interesting posts on askaboutmoney Should I keep my old house as an investment? Can I sell my house below value to save on stamp duty? Selling a house on cheap tracker. Would the bank settle for less? Selling your home and buying another Buyer is trying to pull out after signing contracts Contracts signed, buyer is trying to pull out Can I approach the seller of a house directly? What items are included in a house after its sale? Costs of selling a house? How are you getting on trying to sell your house? (March 2010) Is there a stamp duty clawback if I sell my house within two years of buying?