How the Reserve Price works

The Reserve Price (RP) is set at the outset of bidding as the maximum level of discount below the Ascertained Market Value ((AMV) that the seller will allow the bidding to go to.

If no bids are made before this limit is reached, the property is removed from the sale.

The seller can decide after the bidding completes and in discussion with CBH to place the property into another Bidding Session at a new Reserve Price where both parties agree this would be beneficial.