All Things Real Estate Newspaper Issue 5 Volume 4 | Página 5

realtors

DORSEY on

Buyer's Fees

What is a buyer’s fee in auction
speak?
For those not familiar with the term,
a buyer's fee is a fee added to the final
hammer price. At $100,000, you are the
winning bidder of a parcel of land. If the
buyer's fee was set at 3%, the final total
would be $103,000. The buyer’s fee is determined between the seller and the auctioneer, and helps cover the cost of advertising, promotion and services of the
company conducting the auction. Click
through any internet-based real estate
auctions. You will find associated buyer’s
fees on most properties.
Here is a fact that most people
don’t know.
A buyer's fee can end up lowering the
price of the property being sold. I know,

it's hard to believe. Here is the secret of
how it works: Say, for instance, the seller
decides to sell with an auction company
and is on the hook for a 6% selling commission. Splitting the commission between the seller and buyer can be the deciding factor in lowering the reserve price
of the house for sale. Like everything in
business, the fees are negotiable. It’s easy
to get caught up in the bidding frenzy of
an auction, so always factor the buyer's
fee into the total that you’re willing to
spend!

Steve Dorsey
srdorsey auctioneering
Taylor Group Realty, Licensed Broker
503.706.3274 • www.srdorsey.com
twitter.com/srdorseyauction
facebook.com/srdorseyauction

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MC IMAGERY
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t is no secret that good photographs
help to sell homes, particularly as
more and more prospective buyers
use the internet to help them find their
dream home.
What makes a good Real Estate photo
and why is it so important to use professional photographers to help sell houses?
Over the next few months we will be answering the above questions, as well as
providing tips and tricks that any Realtor
can use to improve their own photography. At the very least, you will have a
better understanding of what to look for
when hiring a photographer.
In next month’s issue of All Things Real
Estate, we will be covering the basics of
photo composition and why a well composed photo is more visually appealing
and helpful with getting buyers through
the door.

In the meantime, if you would like to
book a photo shoot for one of your listings, mention this article for 20% off of
your order. Aside from Virtual Tours, we
also provide Real Estate Video a