I've got a fortress up the road a ways from Britain. Courtyard was open grass for a long time, so it might be marked or it might not. Plat accepted. As this is a personal property that I am a little hesitant to sell due to the rarity of good forts these days, I have placed a reserve of 4mil on it: what this means is that I can choose to not sell if bids go beneath 4mil. I reserve the right to reject buyers with bad reps. Otherwise, buyout or highest bid for 48 hours wins. SB: 3 mil BO: 5 mil Thanks for checking out my auction!
Ya I don't quite understand this new 'reserve' trend either.. Possible marketing ploy. To me if 4mil is the least you're willing to take, the SB should be on par. However it's not my thread and it's not my intent to criticize yours. Nice keep and nice location though. Definitely worth the price.
If it's a trend then you should know more about reserves. A reserve means I may accept less than the reserve, but I also have the right to not accept less. I very well might take 3mil for it.
Which completely negates a starting bid from being 'official' right? Just trying to make sense of it because it's like having two starting bids in a sense.
A starting bid is official. If all this property gets is a 3mil bid, there is a good chance I will accept it. However, 1mil over deed for the best and rarest properties (imo) gives me enough pause to use a reserve, so I can give it some careful consideration. Why start the bidding at 4 when I might accept 3?
