'reserve' Tag Search
Do I have to sell to the highest bidder?
Sellers can accept or reject any bid and have the legal right to approve or reject bids until the high bid reaches the reserve price. Once the reserve pri ...
If my auction doesn't reach the reserve price, what happens next?
If your auction does not reach the reserve price, you are under no obligation to sell, however you reserve the right to negotiate with the high bidder or bidders to come to ...
What if I get bids, but they aren't high enough for me?
You will always be protected by your reserve price, which is the minimum price at which you are required to sell. If bidding does not reach that reserve p ...
What is the reserve price?
A reserve price is the lowest price in which a seller is willing to sell a property. If bidding doesn't reach the reserve price, the seller isn't obligated to sell.
Why can't you show the reserve price?
Generally speaking, the reserve price will not change, however there is the possibility that a seller may bring a reserve price down after an auction has begun. For that re ...