Selling with sealed bids

When all else fails, a high-stakes sealed-bid auction can usually be counted on to jump-start interest in a listing. Brokers are increasingly turning to sealed-bid auctions, sometimes called a “highest and best” bidding process, as the economy continues its downward slide and other, more standard selling strategies fail to achieve results. Although time-consuming, sealed bids can help build buzz and distinguish a property in a market that has a growing supply of inventory competing for … Continue reading Selling with sealed bids