Auction Fees - To Adjust or Not?

[Michigan CG]

Nancy,

The buyer paid $1,665,000. Every buyer knew that they had to pay the "buyers fee" and they calculated it into their offering prices. Therefore, the price paid was $1,665,000. If anyone tells you otherwise, they are wrong. End of discussion.

Jason Teynor

So far I agree with Jason, however, I would really look into the "scuttlebutt" about the $2M offer. What were the terms of the offer and can you verify it. Otherwise the auction is people looking for a deal. The true value of the property might lie in between the offer and the auction price.