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Much simpler just to price a property to sell through an EA IMO, much less stress and hassle, a year and a half is a long time to be chasing buyers
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My understanding is that 'bidding off the wall' is still legal, but shill bidding is not.
So why did the OP put the property in an auction anyway? There's usually some issue with auction properties.
The best way for an auction to be run is with no (or very low) reserve prices. That way you'll get more bids and the property will sell for its true market value.Selling off the UK's gold reserves at USD 276 per ounce was a really good idea, which I will not citicise in any way.0
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