<description>&lt;p&gt;In this episode, Michelle discusses the process of how sales reserves are set and the common misconceptions surrounding price guides and reserves in property auctions.&lt;/p&gt;&lt;p&gt;In today’s episode, you will learn how price guides are determined, and by whom, the legal obligations a sales agent has when offers are made and rejected, how auction reserves are set, and by whom, and why you shouldn’t pay attention to how much a property sells above the reserve price.&lt;/p&gt;&lt;p&gt;Love the Buy Your Side podcast? Please give us a review, we'd love to know what you think.&lt;/p&gt;&lt;p&gt;Full show notes to the episode can be found &lt;a href="https://docs.google.com/document/d/1OTIdksHP6bf7KCFI3IGQpjCJEprsr3FZaZhHt-03b84/edit?usp=sharing"&gt;here.&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Don’t forget to connect with us across:&lt;br&gt;&lt;a href="https://www.facebook.com/buyyoursidepodcast"&gt;Facebook&lt;/a&gt;&lt;br&gt;&lt;a href="https://www.instagram.com/buyyourside_/?hl=en"&gt;Instagram&lt;/a&gt;&lt;br&gt;&lt;a href="https://www.tiktok.com/@buyyourside?is_from_webapp=1&amp;amp;sender_device=pc"&gt;TikTok&lt;/a&gt;&lt;br&gt;&lt;a href="https://www.linkedin.com/company/79779816"&gt;LinkedIn&lt;/a&gt;&lt;/p&gt;&lt;p&gt;If you have any burning property questions at all please send an email to &lt;a href="mailto:hello@buyyourside.com.au"&gt;hello@buyyourside.com.au&lt;/a&gt;&lt;/p&gt;</description>

Buy Your Side

Michelle May

Ep 56. How are Auction Reserve prices set?

JUL 4, 2024-1 MIN
Buy Your Side

Ep 56. How are Auction Reserve prices set?

JUL 4, 2024-1 MIN

Description

<p>In this episode, Michelle discusses the process of how sales reserves are set and the common misconceptions surrounding price guides and reserves in property auctions.</p><p>In today’s episode, you will learn how price guides are determined, and by whom, the legal obligations a sales agent has when offers are made and rejected, how auction reserves are set, and by whom, and why you shouldn’t pay attention to how much a property sells above the reserve price.</p><p>Love the Buy Your Side podcast? Please give us a review, we'd love to know what you think.</p><p>Full show notes to the episode can be found <a href="https://docs.google.com/document/d/1OTIdksHP6bf7KCFI3IGQpjCJEprsr3FZaZhHt-03b84/edit?usp=sharing">here.</a></p><p>Don’t forget to connect with us across:<br><a href="https://www.facebook.com/buyyoursidepodcast">Facebook</a><br><a href="https://www.instagram.com/buyyourside_/?hl=en">Instagram</a><br><a href="https://www.tiktok.com/@buyyourside?is_from_webapp=1&amp;sender_device=pc">TikTok</a><br><a href="https://www.linkedin.com/company/79779816">LinkedIn</a></p><p>If you have any burning property questions at all please send an email to <a href="mailto:[email protected]">[email protected]</a></p>