Agent / Auctioneer Listed
Sold through a registered estate agent or auctioneer
Final Sale Price (Hammer Price)
—
Propworths.com Commission (5%)
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Agent / Auctioneer Commission (5%)
—
Total Commission Deducted
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🏦 Estimated Transfer Costs*
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💰 Seller Net Proceeds (after commission)
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After Propworths.com & agent commission. Before transfer costs & taxes.
Private / Owner Listed
Sold directly by the property owner — no agent involved
Final Sale Price (Hammer Price)
—
Propworths.com Commission (5%)
—
Agent Commission
None — $0
Total Commission Deducted
—
🏦 Estimated Transfer Costs*
—
💰 Seller Net Proceeds (after commission)
—
After Propworths.com commission only. Before transfer costs & taxes.
💡
Private Listing Saving vs Agent
By listing privately, you save the agent's 5% commission. At $500,000 that's a saving of $25,000 in your pocket. Propworths.com's 5% applies in both scenarios.
Agent Commission Saved
$25,000
Side-by-Side Comparison at Selected Price
All amounts in USD. Transfer costs are estimated — actual costs vary by country.
| Item | Agent Listed | Private Listed | Difference |
|---|---|---|---|
| Final Sale Price | — | — | Same |
| Propworths.com Commission (5%) | — | — | Same |
| Agent / Auctioneer Commission (5%) | — | None | — |
| Total Commission | — | — | — |
| Est. Transfer Costs (varies by country)* | — | — | Same |
| Buyer Security Deposit Credit | –$10,000 | –$10,000 | Same |
| 💰 Seller Net (after commission, before transfer costs) | — | — | — |
What if the winning bidder defaults?
If the winning bidder fails to complete the purchase after their bid is accepted, the following applies regardless of listing type:
🚫
No Success Commission
Success commission (5% or 10%) is NOT owed by the seller on a defaulted sale. The sale did not complete.
⚡
5% Charged to Defaulting Buyer
Propworths.com charges the buyer 5% of the accepted bid, payable within 48 hours. This is a separate charge to the buyer — not deducted from the seller.
🔒
$10,000 Security Deposit
The buyer's $10,000 attorney trust deposit may not be refunded until the default is resolved. The seller may pursue claims against these funds.
🔄
Seller Can Relist
Propworths.com may, at its discretion, offer the property to the second-highest bidder, or the seller may relist the property for a new auction.
ℹ️ What's included in commission
- Propworths.com's 5% covers: Platform hosting, online auction technology, bidder verification, marketing reach across 185 countries, and the full auction management process.
- The agent's 5% covers: Property valuation, marketing support, buyer introductions, viewings, negotiation assistance, and post-sale coordination.
- Commission is deducted from sale proceeds at closing — not payable upfront.
⚠️ Transfer costs are separate
- South Africa: Transfer duty (buyer), conveyancing fees, compliance certs (elec, beetle, gas).
- UK: Stamp Duty Land Tax, conveyancing fees.
- Australia: State stamp duty, conveyancing, CGT.
- UAE: 4% DLD fee, agency fees, NOC fees.
- Portugal / Spain: IMT, notary, land registry, VAT.
- USA: Transfer taxes, closing costs, title insurance.
- Always get local legal advice before listing.
* Transfer cost estimates shown above are indicative only (approx. 3–5% of sale price) and vary significantly by country, property type, and transaction structure. They are shown for illustrative purposes only. Propworths.com is not a legal or tax advisor. Sellers must obtain independent legal and tax advice before listing. All figures shown are in USD. Commission is charged on the final accepted sale price and deducted at transfer/closing. No commission is due on unsold or defaulted listings (seller-side). See the Seller Agreement and Commission & Fees Policy for full terms.