All
Offer listings on DubaiPropertyAuctions (DPA) have an Asking Price which is set by the Seller.
An Asking Price is the price that a Seller is looking to sell the property for. Potential Buyers can submit Offers to the Seller which are below, the same, or above the Asking Price. It should be noted that even if an Offer amount equal to the Asking Price or above this price is received, the Seller is not obligated to sell the property nor is the potential Buyer obligated to buy the property.
When
you are making an Offer for a property, enter the amount you are willing to pay for the property. Check your Account regularly to see if the Seller has Accepted, Declined or Countered your Offer. Watch the Property Details page to see whether the Reserve
Price has been met.
Note: Once the property listing has started, the Asking Price can be reduced or increased by the Seller. It may be reduced to generate more interest in the property, or increased due to high demand. When the Asking Price is changed, an email/SMS notification will be sent to all members that have made offers on the property, indicating that the Asking Price has been changed.
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