You should be present at this time to protect your bid. The Reserve Auction A Reserve Auction is an option selected by the Seller. This price is not disclosed. The Reserve Price is a safety option that protects Sellers from selling below their minimum acceptable price. The highest bidder has an absolute sale at that price without limitations.
Properties are also available for inspection during the bidding period.
Not all properties sell the first time they are auctioned. This does not mean that there is anything wrong with the property. It often reflects the supply and demand for certain properties. As a result, it is not unusual to see the auction extended or a property auctioned more than once. Some properties require longer exposure to the market and a more creative marketing strategy to attract bidders.