A Sealed Bid Auction could be the answer to selling your property. Not all Real Estate or Personal Property is sold at a “Public Outcry “Auction event. There are times when it is to the Sellers advantage to Auction their Real Estate or Personal Property in the form of a Sealed Bid Auction.
The process of a Sealed Bid Auction would take place as follows:
This process allows bidders from hundreds or even thousands of miles away the opportunity to bid on your property. The Sealed Bid Auction has proven to be very effective. It is a great way to market your property and allows buyers to make a one time high offer whereas in a normal outcry auction where bidders start the prices as low as possible and bid up from there.