PHOTO: BresicWhitney 

Sydney property group BresicWhitney is looking to save sellers when it comes to auction fees, introducing a new model which sees them only pay to secure an auction date rather than foot the bill for full auction fees up-front.

The move is aimed at alleviating what BresicWhitney says is a big cost for sellers going to market. Rather than paying a non-refundable $995 auction fee up front, sellers will pay just $195 to secure an auction date. Full fees will only apply if the auction goes ahead.

They further explain, if properties sell prior to auction, it’s common practice across the industry that full fees still apply. And in a softer market, this means many sellers are paying for an auction service they never use.

BresicWhitney Director Shannan Whitney says non-refundable full-priced auction fees are one of the principal pain points for sellers signing up to a sales campaign.