Passed In At Auction Meaning

Passed In At Auction Meaning. When to Use “Past” vs. “Passed” Definitions and Examples Grammarly A property is passed in at auction if bids don't meet the reserve If a property is passed in at auction, it does not necessarily mean that the property is undesirable or that the seller is unwilling to negotiate

The first right to negotiate goes to the prospective buyer who places the highest bid at auction. Of course, just because the property has been passed in doesn't mean that this is the market price, it is simply a starting point for further negotiation

Reverse Auction What It Is & How to Crush It in Sales

A pass-in occurs when the top bid is below the reserve price, meaning the property doesn't sell through the auction process the property is 'passed in' — meaning the auction. What normally happens is that you'll be asked to sit down in one of the rooms in the house, while the vendors (owners) of the property will be at the other end of the house, or sometimes upstairs while you are downstairs.

Auction sale meaning of Auction sale YouTube. A property is passed in at auction if bids don't meet the reserve Not the End: Just because a property is passed in does not mean it will not sell

Auction meaning of Auction YouTube. During or after an event, some items/lots may be marked as "Passed" rather than "Sold" In reality, it can be an opportunity for negotiation