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Sunday, May 20, 2012

Reverse Price Auctions

Join Reverse Price Auctions and gain access to an exciting new concept revolutionising property ownership ...

How low will it go?

How to Buy the Auction Lot

It's Easy! The FIRST person to register the HIGHEST bid BELOW the set Auction Reserve Price will have the opportunity to purchase the Auction Lot.

Example 1: A Property Investment Auction, showing possible pricing and example bids:

Example Auction 1 - Property Investment Auction
Auction Lot Value (Property):
$600,000
Auction Starting Price:
$300,000
Reserve Set by RPA (Secret):
$282,000
During the Auction Registration Stage,
4 Registered Auction Attendees place the following bids
(in order of bid registration):
Auction Attendee A:
$282,100
Auction Attendee B:
$281,900
Auction Attendee C:
$281,900
Auction Attendee D:
$280,000

Example 2: A Mortgage Eliminator Auction, showing possible pricing and example bids:

Example Auction 2 - Mortgage Eliminator Auction
Auction Lot Value (Cash Package):
$250,000
Auction Starting Price:
$125,000
Reserve Set by RPA (Secret):
$116,000
During the Auction Registration Stage,
4 Registered Auction Attendees place the following bids
(in order of bid registration):
Auction Attendee A:
$116,100
Auction Attendee B:
$115,900
Auction Attendee C:
$115,900
Auction Attendee D:
$115,000

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