Saturday, May 7, 2011

Minimum Reserve Price


The cause bidders to auctions because they are trying to reach agreement or negotiate on a house. They assume that the owner needs to liquidate quickly, so the auction as opposed to a traditional sale of real estate. Accordingly, you will get bidders, who expect to pay below the market price for their home.

To lighten your house to sell enough, you can put in the cost of the reserve system. This is a price level that the bidder must meet to agree to close. It is also a series that you and your appraiser to keep you until the auction is over.

If the reserve price has not been achieved for your home, not just sell. If satisfied, you can do the paperwork and the house is sold.

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