The reserve price of the property is the amount of the appraised value determined by the bailiff based on the tax and value certificate issued by the notary of the municipal government where the property is located or in the event of an objection presented against it, the amount of the appraised value determined by the court.

Bids for residential property are accepted if made in an amount covering at least 90 per cent of the reserve price in the first phase, covering at least 80 per cent of the reserve price in the second phase, covering at least 70 per cent of the reserve price in the third phase, covering at least 100 per cent of the reserve price in all three phases in the case of recovery of claims on the basis of consumer contracts, if it is the only residential property of the judgment debtor, it is his residence and it has been for six months prior to commencement of the enforcement procedure. (Vht. 147. §)