How To Make Sure You Set The Right Reserve Price When Selling At A Property Auction

How can I make sure I set the right reserve price?

In setting the reserve price, you need to consider what is the very least you can afford to accept for the property. However, bear in mind that the lower the reserve price, the lower the guide price. And a low guide price leads to increased activity from potential purchasers and can result in a higher price being achieved in the auction room.