Unsold Property

What Happens If My Property Doesn’t Sell At Auction? Auctions can be an effective way to sell a property, but what happens if your property doesn’t sell at auction? This is a common question that many property owners ask, and it’s important to understand the options available to you in such a situation. Reserve Price Not Met The most common reason a property doesn’t sell at auction is that the...

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...