Expert, localized Los Angeles answers provided by Heather Roy

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Auctioning a House

  Can I auction my own home either public or sealed bid?
 
  I don't see why not.  There's nothing in the law says you can't.  But I can see that you might end up with problems unless you plan it carefully.  I suspect this may not be a job for an amateur.   Better consult an attorney about how to set a reserve price, so you couldn't be required to sell if bids didn't come in high enough to suit you. 
    Edith
Originally published on September 8, 2007
 
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