What is a property auction guide price?
Updated: Aug 3
🏠 So thinking of buying at auction?
What does the guide price mean? 🤔
The guide price is normally we're the auction bidding will start. And is an indication of the property's value at the time of entering the auction.
When looking at auction properties, bear in mind. Most guide prices are normally 10% below the seller's minimum value that they are willing to sell for.