Can I set a reserve price for my property before the auction begins?
Yes. This is done through your reserve price.
The reserve price is the minimum price you are willing to accept. It is typically kept confidential between you, your selling agent, and your auctioneer, subject to the rules in your location.
If bidding does not reach your reserve, the property does not automatically sell, and your agent will advise the next best step.
Disclaimer
All information contained within the Frequently Asked Questions is general information, advice, recommendations and answers.
The information does not take into account the particular needs and circumstances of individuals and companies, or legislation governing auctions of various countries and states.
Before listing or selling your property at auction you may wish to seek independent professional advice.
Every effort is made to provide information that is accurate. However, the information contained within the Frequently Asked Questions are subject to change at any time.
RE Software Pty Ltd gives no assurance or warranty that information is current and takes no responsibility for any information provided.
Posted 28th February, 2025