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Updated about 5 years ago,

User Stats

313
Posts
337
Votes
John Collins
  • Investor
  • Tx, Ga
337
Votes |
313
Posts

Is a 5% buyers fee on Auction sites normal?

John Collins
  • Investor
  • Tx, Ga
Posted

That is a huge number to me. I am using hubzu.com to bid up to/around 250k and they clarify this is their fee specifically for "hosting" the auction, separate from earnest money or anything that goes to the actual seller (which is a bank in this case). 

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