The "Reserve" is the minimum selling price established by the Seller of a property prior to the auction. Most properties on Auction.com have an established Reserve. The Starting Bid is usually set below the Reserve. Note: a winning bidder can be declared whether or not the Reserve is met.
Subject to Confirmation: Many properties may be sold outright to the winning bidder once the Reserve has been met. However, for some properties, the winning bid (whether below, equal to or above the Reserve) is subject to Seller confirmation, as noted in the Terms and Conditions for each property. If a property is sold subject to seller confirmation, winning bidders will be notified by Auction.com if their bid was accepted by the Seller.
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The "Reserve" is the minimum selling price established by the Seller of a property prior to the auction. Most properties on Auction.com have an established Reserve. The Starting Bid is usually set below the Reserve. Note: a winning bidder can be declared whether or not the Reserve is met.
Subject to Confirmation: Many properties may be sold outright to the winning bidder once the Reserve has been met. However, for some properties, the winning bid (whether below, equal to or above the Reserve) is subject to Seller confirmation, as noted in the Terms and Conditions for each property. If a property is sold subject to seller confirmation, winning bidders will be notified by Auction.com if their bid was accepted by the Seller.