Minimum Bid Auctions.

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Services for Real Estate Pros with Crescent Moon Realty, Inc. & Land N Sea Auctions.

A minimum bid auction also called minimum published bid, is an auction for which the lowest acceptable price is pre-determine by the seller and the auction comapny. The minimum price is stated in the auction literature and advertisesments. It is also announced during the auction. When bidding reaches the minimum amount the property can go about the posted minimum amount and will be sold to the highest bidder,. Unlike an absolute auction, however the minimum bid auction creates a safety net for the seller.

Disadvantages of minimum bid auctions are that they may limit a seller's interest to buyers only willing to pay minimum bid price and that it is usually more difficult to generate excitement for minimum bid auctions on auction day.

What also may occur is that the minimum bid has been set and the highest bid is under the establish pre-determine minimum opening bid price , the seller can consider this bid ---- it is up to the seller to accept or reject.

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Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta

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Topic:
Real Estate General Information
Location:
California San Diego County San Marcos
Groups:
Auctioneers Working With Realtors
Localism Success and Accountability Group
Real Estate Auctioneers
Realtors®
San Diego North County Real Estate
Tags:
minimum bid
seller
auctions
limited interest disadvantages

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Lorraine or Loretta Kratz

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