Frequently Asked Questions

First of all, you are included in the process. We appraise your property using recent comparable sale statistics, additional market data, and potentially other appraisal methods (cost to replace...etc.) should they be necessary.

We do not dictate the listing price, however there are some necessary rules of thumb:

  • We will not list an auction at a starting bid that is higher than our appraised market value (this would not lead to a reasonable expectation of bidder participation)
  • We will not list an auction for a price considerably lower than appraised market value (going too low fictitiously creates a price level that is not in accordance with the value of your home, and could result in many bidders without a budget to reach your reserve price)
  • Your reserve price (where applicable) must be reasonable, and not greater than the appraised market value. Having a reserve price higher than appraised market value creates a situation where it is unlikely to see a sale consummate, and ultimately becomes unfair to all parties involved.