There is a way to conduct an auction sale that’s free to the seller. This is accomplished by having a sale with a buyer’s premium. All of the costs associated with the sale are paid for upfront by Liberty, and we collect our sales commission, advertising expenses, survey costs, title opinion and any other related expenses from the buyer at closing. All expenses are spelled out in our contract between the seller and Liberty. Therefore, there are no surprises for the seller at closing. This method allows for no cash out lays on behalf of the seller, and is used for absolute auctions.
We also conduct auctions for a flat fee. In the event the seller decides not to sell the property, the seller still owes Liberty the fee at the conclusion of the auction. Once again, all conditions of who pays what are spelled out in our contract. Some sellers of large properties view this method as an effective means of budgeting and cost savings.
A set commission due at closing is the choice of many sellers. A sales commission is agreed upon by Liberty & the seller. Our commissions are set based upon the value of the property being sold and we are very competitive.