Selling house by auction

passat

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Could someone please inform me when selling a house by auction what fees and what % fees does the estate agent charge the seller and anything more thats relevant. thanks.
 
passat said:
Could someone please inform me when selling a house by auction what fees and what % fees does the estate agent charge the seller and anything more thats relevant. thanks.

Auctioneers fee is the same as selling by private treaty
Advertising will be considerately more expensive and hire of auction room
If you house does not sell you will still owe they money for advertising.
 
Depending on the estate agent, you may not need to hire a function room.
Advertising costs increase because estate agents are tied into a set timeframe with an auction marketing period. This means that they use colour display advertising to attract buyers attention.
 
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