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Buying pre auction house.

There is a property I like up for auction, unless sold prior will seller generally accept a decent offer below auction price before auction date? The property is in Devon.

Asked on Sep 11 2013, General in Wickford | Report content

Answers (1)

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  • Hi, The auction price is a starting price which will tend to not change. General rule of thumb is that the reserve price is normally about 10% over the starting bid price. E.g. Starting bid 60K, reserve would be around 70k. We hope this helps.

    Answered on Sep 19 2013, Report content

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