Post by tomcasper745 on Apr 13, 2018 22:49:43 GMT
If your reserve price isn’t met, you won’t be forced to take a lower price for your property – the auctioneer will simply withdraw it from the auction and you can re-list it at a later date, if you so wish.
Once the hammer has been dropped, the property is sold, so buyers can’t back out at the last minute. If they do change their mind, there are legal procedures in place to protect you.
If you don’t sell because your reserve price is too high, there is always the potential to negotiate with any interested parties after the auction has finished.
Once the hammer has been dropped, the property is sold, so buyers can’t back out at the last minute. If they do change their mind, there are legal procedures in place to protect you.
If you don’t sell because your reserve price is too high, there is always the potential to negotiate with any interested parties after the auction has finished.