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What does physical property mean?

What does P.O.A mean on a property thats going to auction mean does it have a reserve then or what ?

  • Theres a property that I have got my eye on that is going to auction but on the advert it says P.O.A does that mean there is a reserve on it or not ?

  • Answer:

    price on application. normally its used if the property is very expensive, they will only reveal the price to serious buyers

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This means " Price on application", you need to contact the marketing agent for more information. When a house goes to auction the auctioneer will have to set a reserve price with the vendor prior to the auction. Auction properties will have a guide price, but this is just a price to get the interest on the property and is often a price at roughly where the bidding is expected to start. Remember it's an auction so anything can happen on the day, so set yourself a ceiling price you can bid up to. Most auctioneers are very helpful, remember they want the sale!

hewittm23

Try the site below for meaning of P.O.A. - property market abbreviations etc... Property Management Company - What does PMC stand for? Acronyms ... Definition of Property Management Company in the list of acronyms and abbreviations provided by the Free Online Dictionary and Thesaurus. http://acronyms.thefreedictionary.com/Property+Management+Company

CLIVE H

It does mean price on application and you have to contact the agent to find out what the price is.

Gladys

As far as I know it means Price on asking or arrival, but i could be wrong.. I now see I was wrong, my apologies..

Tinker

think it means PRICE ON APPLICATION.

mrandmrs737373

price on asking

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