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Don't want to sell your property below a certain price? Set a Reserve Price!

A Reserve Price is a tool Sellers can use to stimulate bidding on their property while reserving the right not to sell below a price they have in mind.

Many Sellers have found that too high a Starting Price discourages interest in their property, while an attractively low Starting Price makes them vulnerable to selling at an unsatisfactorily low price. A Reserve Price helps with this.


	How does it work? A Reserve Price is the lowest price at which you are willing to sell your property. If a bidder does not meet the Reserve Price, you are not obligated to sell your property. You set your Reserve Price, as well as a Starting Price, when you list your property. All auctions on DPA are Reserve Price auctions.

The Reserve Price is not disclosed to bidders, but they will be told that your auction has a Reserve Price and whether or not the Reserve Price has been met.

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