Guide Price
Guide prices are provided as an indication of the vendor's minimum expectation. They are generally the first price you will see as every property that is offered for sale at auction usually has an associated guide price attached to the lot. But they are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) and which should be set within the Guide Price Range or no more than 10% above a single figure Guide Price.