Reserve not met on auction.com

[Edward Eloma]

Has anyone actually won a bid on auction.com?

And if so did you hit the reserve price?

And also does it notify you if you have reached the reserve price??

[Todd Rasmussen]

@Edward Eloma

We won two bids for the same house on auction.com that did not meet the reserve price. The bank never called us and just listed it for auction again. We won it a third time and this time they had lowered the reserve price so the transaction went through. On the bidding page it will normally say reserve met or not met. Also the bid increments will grow smaller and smaller as you approach/surpass the reserve price. I would not worry about the reserve price if it is not disclosed. Bid against other buyers and not the seller. Many times there will be several auctions before a property is actually sold.