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DO I HAVE
TO SELL MY PROPERTY AT AUCTION NO MATTER WHAT?
can set a
It's called a
If it isn't met, you are not obligated to
sell. The minimum is known
ONLY to the auctioneer and the seller.
It's tantamount to the "bottom line" number on a "traditional"
listing and therefore
be made known to the public (lest the fiduciary trust between
selling client and broker-auctioneer be broken).
If you wish to
reserve (i.e. voluntarily make it known to the public), the auction is a
it's reasonable, it tends to attract a larger
pool of bidders and thus enhance the results. Bids
begin at the published minimum.
You may also sell
which means you want the property sold to the highest bidder
Absolute auctions always generate
the maximum interest and, accordingly, result in the highest bid
simply because bidders KNOW the property is going to sell.
Hence, if you're certain you have no desire whatsoever to own
the property beyond auction day and you have the ability to
auction it absolute (i.e. either no debt or documented ability
to cover any potential shortfall), you'll obtain the best results via an
Auction ads which do
NOT contain the word
advertisements and promotions are understood to
be reserve auctions!
the highest bid, which you can accept or counter. If we can't strike an immediate sale via
we continue to market your property for 60 days. In so
doing, we can often, though certainly not always, facilitate a