Must I specify a seller minimum price?

For most listings, you only need to specify the List or starting price. This will be considered the Seller minimum or reserve price by default. You do not have to specify it separately.

The Seller minimum price is only relevant if there is a final-offer deadline that is automatically extended. The automatic extension depends on whether the seller minimum or reserve price has been met.

If you specify just the List or starting price, Snapdoor checks whether there is an offer that meets the List or starting price when the deadline is reached.

For strategic reasons, you may wish to start with a List or starting price that is below the Seller minimum or reserve price. In this case, you have to enter both values. This approach is similar to auctions where the starting price is much lower than the seller's reserve price. Snapdoor checks whether there is an offer that meets the Seller minimum or reserve price when the deadline is reached. If not, the sale will roll over to a new deadline or become a No deadline listing if there is no extension.