Site Fees: There are two types of processing fees that might be applied towards your transaction. It is either one or the other, never both.

Transaction Fee: This is the Auctioneers Fee. Most Bank Owned Sales and Pre-Foreclosure Sales fall into this category. The buyer is contractually bound to pay a Transaction Fee Closing Cost through escrow (only when the sale is completed.) Realtors are paid at the agreed upon MLS rate.

Buyers Premium: When Applied, this is the Auctioneers and Realtor fee. Most equity sales include a buyers premium; when a buyers premium is applied it is added to the high bid amount and included in the final sales price. (If the high bid is 100k, you add a 5% buyers premium {5k}and the final contract price is 105k) The Auctioneer will then be responsible for any and all transaction fees from bidwellauction.com

Please review the complete terms and conditions of any auction before placing a bid.