This is part 3 of my real estate auction series, a set of blogs which aim to cover common questions regarding the auction process.
How Much Is An Auctioneer?
A residential property Auctioneer charges anywhere from $400 to $600 and must be booked a month in advance. If you sell prior most Auctioneers still charge their fee as they set aside a date on their calendar and times are limited.
An auction can take 5 mins or an hour so bookings have to be made so that the Auctioneer has plenty of time to move from one property to the next on a Saturday. In-room auctions are easier in this case and more auctions can be done so sometimes a lesser fee is charged for in-room auctions.
Some Auctioneers have a driver for Saturday auctions and some have scribbers so that during the auction they can easily refer to the bids.
Auctioneering is a specialised profession. To be an Auctioneer you must be a Licensed Real Estate Agent and you need to do further training to qualify as an Auctioneer. A good Auctioneer needs to be confident, engaging, enthusiastic about the property and should have thorough knowledge of the local area.
For past blogs see part 1 “Auction VS Private Treaty”, or part 2 “The Vendor Bid”.
