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...

Can You Set Your Own Selling Price at Auction? When it comes to selling property, auctions are a unique and dynamic way to achieve a sale. But one question that often arises is: Can you set the price you’re willing to sell at? The answer is yes, through something known as the reserve price. What is a Reserve Price? The reserve price is the minimum price you, as the seller, are willing to...