Search results for no reserve
No reserve auction nets vendor extra $100K
Around four bidders remained after breaking the $400,000 mark. Mr Hardman said no-reserve sales were usually used for charity auctions. RE/MAX in Bardon, Queensland, told Real Estate Business that they had also used a no-reserve auction in October last year.
Commercial real estate gets worse
The commercial real estate downturn is deepening, threatening to slow the economic recovery. To try to contain the damage, the Federal Reserve said Monday that it will extend into 2010 a program to help investors buy commercial property loans. But some say.
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Why Investors Should Abandon Ares Commercial Real Estate
ACRE is an externally-managed specialized real estate finance company that is taxed as a real estate investment trust (REIT). The company originates, invests in, and manages middle-market commercial real estate loans and other commercial real estate assets.
REVIEWSReserve or No Reserve....Get It Right!!!!
"It is being offered without reserve and at a very low opening bid."
Is it just me or is this statement contradictory? I just copied the
above statement from an auction for a piece of art glass. I know the
definition of a "Reserve" auction is where the seller has a minimum bid
that he/she wants to get for an item. Let's say for kicks and giggles
it is a television set and I need at least $75. So I will set the
reserve at $75 and start the auction at $1. I have the option of
refusing a $65 dollar winning bid if I want to since it didn't reach my
"reserve" bid of $75. To me starting this auction at $75 is the same
thing as a reserve. No reserve means a $1 opening bid not $75. Sellers
will shy away from a reserve auction because they know buyers want to
get the item for as low of a price as they can. So they state "this is
a NR or no reserve auction" but then open the auction with a set price
above $1. So please be honest with your auctions.or better yet don't call a reserve auction
a no reserve auction.
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