Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0
Answer me this Joe.
On the Nov 7 auction, an Ariel Dunes II condo #1103 is listed at a minimum bid of $295K. Just suppose, someone wants to buy that condo today and offers the owner $295K...can the owner accept that offer? If the answer is yes, does the seller owe the auction house a portion of the commission?
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You guys still don't get it. The BUYER pays the 10%. The seller pays an upfront marketing fee. It is a beautiful biz plan for the auctioneer who virtually pays nothing and has no risk.
PAG's upcoming auction features 11 of 15 properties with an advertised reserve. What more could a buyer ask for? He sees the absolute minimum the seller will accept, add 10% and then if he feels it is a deal he goes to the auction and bids. No time wasted. No leaving with burnt feelings. He's going to an auction where he knows the price going in.
Answer me this Joe.
On the Nov 7 auction, an Ariel Dunes II condo #1103 is listed at a minimum bid of $295K. Just suppose, someone wants to buy that condo today and offers the owner $295K...can the owner accept that offer? If the answer is yes, does the seller owe the auction house a portion of the commission?
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