Everybody loves an auction. Buyers love them because they think there are deals to be had and sellers love them because they think they can get more for their property. But is all this love really justified?
Remember, there will always be costs associated with putting your property up for auction. The auction house will charge their commission on the sale plus a fee REGARDLESS of how (or even if) your property sells. You need to make sure you’re aware of all these costs up front.