If my auction doesn't reach the reserve price, what happens next?
If your auction does not reach the reserve price, you are under no obligation to sell, however you reserve the right to negotiate with the high bidder or bidders to come to a fair sale price after the auction has reached a conclusion.
Help Topics
Auctions
Registration
- Does registering for an auction mean I HAVE to bid?
- How do I register to bid on a property?
- I am having problems registering to bid. What do I do?
- What do I need to bid on an auction?
- Why do I need to register to bid on an auction property?
- How do I remove the hold on my credit card following an auction?
- How much is the credit card preauthorization?
- When is my credit card charged?
- When is the credit card preauthorization removed?
- Will you charge my credit card?
- Are counter bids allowed?
- Can I bid before the auction opens?
- Can I bid on more than one auction simultaneously?
- Can I purchase a property early once an auction is live?
- Can TheAuctions.ca reopen an auction if I want to make a higher bid?
- What happens if someone outbids me right as the auction is about to end?
- What is a bid increment?
- What is a delinquent bidder?
- What is autobidding?
- What is 'Buy It Now' on an auction?
- What is the reserve price?
- Why can't you show the reserve price?
- Will I know if my maximum bid has been outbid?
- Can I bid if I have a contract with a Real Estate Representative or Broker?
- How do I involve my Realtor in the bidding process?
- How does buyer agent commission work in an auction?
- How does my Realtor's commission work when I'm bidding on a property?
- How does the Trust In Real Estate Services Act (TRESA) impact auctions?
Company
Properties
- Am I protected against liens or title problems after purchasing a property?
- Can I perform an inspection on the property before making a bid/offer?
- Can I visit the properties for sale?
- Do you limit what types of properties you sell?
- From where does the property detail get provided?
- Who owns the properties for sale?