Can the seller sell for a specific price rather than using the auction format?
The seller may specify a Buy It Now price and a reserve price to the same value, indicating that they will not sell for anything other than that price. This is roughly equivalent to a non auction style sale, with the benefit that if nobody is willing to pay that price, the seller has the ability to choose whether or not to accept lower offers.
Related Questions
- How does the IRS determine the "minimum bid price," or what the IRS will sell seized property for at public auction or private bid?
- How can the Seller afford to sell the property without a Reserve price in an iBidcondo Auction?
- Can the seller sell for a specific price rather than using the auction format?
