Auction Valuation Estimate
Public auction can be the ideal route for a quick property sale. And for houses and flats in need of modernisation an auction sale can be the best way to achieve the highest sale price.
There are 3 important numbers when appraising and marketing a property for auction, they are; the valuation, the reserve price and the guide price. This guide shows how an auctioneer appraises residential and commercial properties to determine a valuation, and how the reserve and guide price are calculated to achieve a successful sale at the best price.
Last updated by Mark Grantham on 21st January 2017
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