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What is the difference between a reserve auction and an absolute auction?

by webspec_admin | May 5, 2020

A

What is the difference between a reserve auction and an absolute auction?

In a reserve auction, the seller sets an undisclosed price the farm must reach before it can sell. In absolute auctions, the seller guarantees that the land will sell to the highest bidder regardless of the price.

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    DreamDirt provides farm real estate services.  We are licensed real estate brokers and auctioneers.  We help people sell land using listing and auction processes.  We serve Iowa, Illinois, Minnesota, South Dakota, Nebraska and Missouri. You can reach us toll free at 855-376-3478

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