offerta libera
English translation: free sale / not a forced sale
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| 21:15 Oct 11, 2007 |
| Italian to English translations [PRO] Marketing - Real Estate | |||||||
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|  Selected response from: James (Jim) Davis Seychelles Local time: 15:21 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 3 +3 | no minimum bid |
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| 3 +3 | without reserve |
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| 2 | free sale / not a forced sale |
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| Discussion entries: 2 | |
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Answers
4 mins confidence: 
peer agreement (net): +3
peer agreement (net): +3no minimum bid Explanation: . -------------------------------------------------- Note added at 9 mins (2007-10-11 21:25:00 GMT) -------------------------------------------------- take a look at this, it might be useful Absolute auction, also known as an Unreserved Auction, No-reserve Auction or Auction Without Reserve, is an auction with no minimum bid amount, no set starting bid, no seller confirmation of the high bid price, and no buybacks of the property being offered by the seller of any agents of the seller. The highest bidder will purchase the property no matter the high bid price. This type of auction is designed to attract the maximum participation from the buying public as the seller has committed to convey their property to the highest bidder without limitation. It does offer buyers excellent opportunities from time to time, however. A 2003 Virginia statute defines an absolute auction as "an auction where at the time of the auction sale the real or personal property to be sold will pass to the highest bidder regardless of the amount of the highest and last bid." http://en.wikipedia.org/wiki/Auction -------------------------------------------------- Note added at 11 mins (2007-10-11 21:27:27 GMT) -------------------------------------------------- I am still leaning toward "no minimum bid" thoug...wait for some other opinion -------------------------------------------------- Note added at 30 mins (2007-10-11 21:46:18 GMT) -------------------------------------------------- though...sorry.... |
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