Do I need to specify a seller minimum price?

For most listings, you simply 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 extends automatically. Whether the deadline is automatically extended depends on whether the seller minimum or reserve price is 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.

However, in some cases, you may wish to start with a List or starting price that is below the Seller minimum or reserve price. This strategy is similar to auctions where the starting price is low, but the seller's reserve price is typically higher. If this is your strategy and you specify a List or starting price AND a higher Seller minimum or reserve price separately. 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.