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2. Buyer's premium - Wikipedia

   en.wikipedia.org/wiki/Buyer's_premium

   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 ...

3. No-reserve auction - Wikipedia

   en.wikipedia.org/wiki/No-reserve_auction

   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 ...

4. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   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 ...

5. Bid on the City - Wikipedia

   en.wikipedia.org/wiki/Bid_on_the_City

   Bid on the City. Bid on the City ( BidOnTheCity.com ), launched in New York City in April 2009, is the first live online real estate auction site to use real time video and audio streaming. Inspired by Rita Yanovitsky, Licensed Auctioneer. The firm was co-founded by Albert Feinstein and Vlad Sapozhnikov with more than $3,000,000 of initial ...

6. Dutch auction - Wikipedia

   en.wikipedia.org/wiki/Dutch_auction

   A Dutch auction initially offers an item at a price in excess of the amount the seller expects to receive. The price lowers in steps until a bidder accepts the current price. That bidder wins the auction and pays that price for the item. For example, a business might auction a used company car at a starting bid of €15,000.

7. What I learned from selling a house as-is - AOL

   www.aol.com/finance/why-sell-house-173929168.html

   My broker said “take it,” but — feeling emboldened by experience in eBay bidding wars — I countered with $625,000. ... the whole point of an as-is sale. 5. Find a trusted real estate agent ...