What is a For Sale by Owner Auction (FSBO)? Unlike our regular auctions that have no reserve prices, For Sale By Owner auctions (FSBO) do. FSBO is a service that BidCal, Inc. offers to sellers that have unique pieces of equipment or that have a unique situation in which a starting bid and reserve price is appropriate.
Last Chance Offer
When the auction concludes, if the reserve price is not met, the seller will get a “Last Chance” to lower the reserve price and accept the highest bid. The reserve price can always be lowered, but can never be raised.
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