Public Auction
Property may be sold at auction in the Louisville area using a public auction.
- A public auction occurs when the seller chooses to have a confidential reserve, or selling price. The seller has the option to decline the winning bid, if it does not reach the reserve.
- Many sellers choose this form of auction. They receive the benefit of all auction marketing promotions and have no price ceiling on what they may receive.
- When property is coming fresh to the market, and has never been priced, there are often remarkable results.