Bidding Strategies

What happens if a property doesn’t meet its reserve price?

What happens if a property doesn’t meet its reserve price?

Understanding the Reserve Price in Property Auctions When participating in a property auction, one of the key terms you’ll encounter is the “reserve price.” This is a confidential minimum price set by the seller, below which the property will not be sold. It acts as a safety net, ensuring that the property does not sell for less than the seller is willing to accept. What is a Reserve Price? The...

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