What happens if a property doesn’t meet its reserve?

Properties that do not sell in the auction room are withdrawn from the sale. The auctioneer will normally ask interested bidders to speak to the team after the auction to give their best bid. There may be several people interested in making a post auction bid – we therefore suggest that you speak to the team as soon as possible.

If the offer made is at or above the reserve price, then the property can often be hammered down under standard auction rules. If the bid is below the reserve, then the auctioneer will put this forward to the seller for consideration.