Bright Home Auctions: The Smart Move
Commission Transparency | Zero Buyer Premiums
At Bright Home Auctions, we do not charge a Buyer’s Premium for standard listings, ensuring buyers get the most value and purchasing power. However, in cases where our sellers and/or market conditions require it, we cap the Buyer’s Premium at just 2%, and if represented by an agent, it is capped at 2.5%. Any applicable Buyer’s Premium will be clearly displayed for full transparency.
What is a Buyer’s Premium?
A Buyer’s Premium is a fee paid by the winning bidder in addition to the final bid amount. Unlike the industry norm of 5%–10%, Bright Home Auctions ensures that if a Buyer’s Premium is required, it is kept at a low 2% (or 2.5% with an agent) to maximize affordability for buyers.
Understanding Buyer’s Premium
**1. Bright Home Auctions Buyer’s Premium – Capped at 2% - When Applicable **
✔ For most properties, there is no Buyer’s Premium. In cases where applicable, it is capped at just 2%, far lower than industry averages.
✔ Example: If your budget is $300,000, you would bid $294,000 + $6,000 (2% Buyer Premium) for a final price of $300,000.
2. Buyer’s Premium with an Agent – Capped at 2.5%
✔ If represented by an agent, the Buyer’s Premium is capped at 2.5%, ensuring predictable and fair costs.
✔ Example: If your budget is $300,000, you would bid $292,500 + $7,500 (2.5% Buyer Premium) for a final price of $300,000.
3. Seller Flexibility – Shared Costs
Some auctions allow sellers to:
✔ Cover the 2% Premium entirely, eliminating additional costs for buyers.
✔ Split the Premium (1%-1%) between the buyer and seller, reducing buyer expenses.
✔ Buyer Premium Financing Available – making homeownership even more accessible!
Why Our Buyer’s Premium Benefits You
✔ More Buying Power: With no standard Buyer’s Premium and a low cap if applicable, buyers can bid more competitively.
✔ Total Transparency: Know exactly what you’re paying upfront—no surprises.
✔ Industry-Leading Affordability: Traditional Buyer Premiums are 5%-10%—ours is fair, predictable, and affordable.
Example Scenarios
| Your Budget | Bid Amount | Buyer’s Premium | Final Price |
| Standard Buyer (No Premium) | $300,000 | $0 | $300,000 |
| Buyer with Premium (Capped 2%) | $294,000 | $6,000 (2%) | $300,000 |
| Buyer with Agent (Capped 2.5%) | $292,500 | $7,500 (2.5%) | $300,000 |
✔ Buyer Premium Financing Available – Helping you buy with confidence.
Why Choose Bright Home Auctions?
We combine:
✔ Award-Winning Marketing for maximum exposure.
✔ Innovative Auction Technology for a seamless bidding process.
✔ No Standard Buyer Premiums with only minimal capped fees in rare cases for greater value to buyers and sellers alike.
At Bright Home Auctions, you get more transparency, more value, and more confidence in every transaction.
Ready to bid with confidence?
Contact us today and experience the future of real estate auctions!
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