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Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [ 1 ] [ 2 ] From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a ...
An estate agent conducting an auction of real estate in Melbourne, Victoria, Australia. In some countries, such as Australia , auctioning is a common method for the sale of real estate . Auctions were traditionally used as an alternative to the private sale/treaty method to sell property that, due to their unique characteristics, were difficult ...
By selling her home without a full-service Realtor, McMahan, who enjoys fixing up and reselling old homes, pocketed some extra cash: Rather than paying 2% or 3% of her home’s final sale price to ...
Compass stock has already more than doubled from its low last November, trending with hopes of a recovery in the housing market and stabilization in its own business. Down 79%, Compass doesn't ...
Here are 10 crucial questions to ask both yourself and others when buying a house. 1. What’s my total budget? Don’t waste your time looking at houses without first understanding how much house ...
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