Can I still buy a property that hasn't met its reserve at auction?

Can I still buy a property that hasn't met its reserve at auction?

On the day of the property auction, about 24% of all properties offered at the auction do not sell in the room on the day. These properties can be purchased after the auction by simply contacting the auctioneer, or seeing him on the day of the sale. He will tell you at what price the property can be purchased, normally the reserve. If you do agree with the reserve price, you will simply sign the memorandum of contract and exchange contracts for the property there and then.