Myers Jackson Percentage, Buyers Premium, Sellers Commissions

Myers Jackson Percentage,

Buyers Premium, Sellers Commissions

Myers Jackson Percentage, Buyers Premium, How does Myers Jackson get paid-buyer’s premium-sellers commission-flat fee payment.

Yes all of the above. An Auctioneer may negotiate the percentage or fee to be paid when services are rendered. Services rendered is complete when the Auctioneer says sold or when an agreement is made between the buyer and seller.

The Auctioneer has authority in most instances as approved by seller to transfer the property when the Auctioneer says sold! sold! sold! Myers Jackson can consult with Sellers prior to auction, Buyers are notified in advance for buyers fees. Myers Jackson percentage of pay may vary and be assessed on an individual contract basis. For availability, Myers Jackson Percentage, Buyers Premium, Sellers Commissions message me.

Myers Jackson Percentage, Buyers Premium, Sellers Commissions

The home is everything your family has been looking for. It has just the right amount of acreage. You have seen the real estate agent’s photos on their website.  It’s auction time and prior to its start the auctioneer announces a buyers premium.  You ask yourself “what is a buyer’s premium?”

Point in case, Myers Jackson Percentage is not without dedication prior to the sale. To begin with, the auctioneer does not just show up the day of the auction. Make their announce of the terms and buyer’s premium then begin taking bids.   No.  The truth is that the auctioneer has been hard at work preparing this real estate property for weeks, sometimes longer.  Prior to the first bid, much advertising and marketing has been taking place.

Myers Jackson Percentage, Buyers Premium, Sellers Commissions

In fact, the auctioneer conducting the auction for a piece of real estate is also a licensed real estate broker.  Take for example, America’s Auctioneer Myers Jackson, CAI, AARE, BAS, CES.  Myers regularly auctions real estate across the U.S. State Laws may differ that affect the terms and conditions of each sale.

Additionally, Myers is a real estate broker and Auctioneer in as many as 24 states.  His real estate auctions are live on site with many also available online.  Also a phenomenal photographer, Myers spends hours photographing the real estate and any corresponding personal property.  Many additional efforts on the auctioneer’s behalf go into marketing the property to interested parties.

Myers Jackson Percentage, Buyers Premium, Sellers Commissions

Now, back to the question.  What is a buyer’s premium?  While the seller pays the auctioneer a commission, the buyer’s premium is paid by the winning bidder as disclosed by the auctioneer prior to any sale. It’s the state law where regulated. This could be verbal and in the available terms and conditions    This amount is a percentage which is added to the sale price.  This percentage amount goes to the auctioneer. Taxes goes to the state where the sale is consummated or taxable by law.

Taxes and Buyers Premium. Taxes are collected on the total price of the sale. This is calculated by the hammer price plus the buyers premium equals the contract price. Taxes are collected on the contract price.

Buyers Premium may direct with the amount of the sale, weather the sale is live or online. Real Estate Auctions and Personal Property Auctions may differ in the amount of the buyer premium. There is no tax added to Real Estate Contracts.

Myers Jackson Percentage, Buyers Premium, Sellers Commissions

There is no way of knowing what the turn out will be for an auction.  The weather that day may be undesirable resulting in a low turnout or buyers may not have anything else to do, Like a bad gold day, hence they come out to the Auction.  Where as a gorgeous spring afternoon may bring with it a more than expected turn out. The buyer’s premium is the winner’s input to the auctioneer for the efforts during and prior to the auction. Much deserved when looking back at all that the auctioneer does in preparation. The advance work to allow buyers understand the opportunities may result in normal fashion, consequently the

Myers Jackson Percentage, Buyers Premium, Sellers Commissions