If i sell a property at an auction house? How much will I have to pay as commission to that auction house?

Question

If i sell a property at an auction house? How much will I have to pay as commission to that auction house?

Answer 1

Depends, as it varies from auction house to auction house. You should receive a leaflet breaking down all fees and commission chargeable by the auction house should you property sell. You will also have to sign an agreement that you will pay these fees, which will also have the total breakdown.

Answer 2

What ever you agree before the auction, maybe the auction house wants a guaranteed amount if it does not sell, they may want advertising money. All of these questions you should ask them,but if you use a respected auctioneer, they will tell you all this.