below which the property will not be sold – at least to begin with

8. Typically, most properties have a reserve price, below which the property will not be sold – at least to begin with. Ask the auctioneer “Is the property on the market? Has the reserve been met and are you selling?” If the bidding stalls, the auctioneer and agent will go inside for a break. They may try to convince the vendor to lower their reserve price and put the property on the market for an unreserved sale.