We are wrapping up our sale in Encinitas Ranch, so I thought it would be a good time to comment more on the unconventional and remarkably transparent open-bidding process I employed to determine the winner.
Here’s where I described how it went down:
https://bubbleinfocom.wpenginepowered.com/2021/10/25/bidding-war-part-3-auction/
Because nobody else does open bidding, some may question it’s merits. Here is why it is so much better than the current blind-bidding used throughout the nation:
- Every buyer has a fair chance to win.
- Buyers know when losing is imminent, and can raise their offer.
- Buyers determine their own fate.
- Winners are determined promptly – within hours.
- In the end, everyone feels like it was a fair and honest selection method.
Compare my method to the features of blind-bidding:
- There’s no specific process.
- How the winner will be determined is unknown.
- Buyers don’t know anything about the competition – if any.
- It always drags on for days with no communication.
- Losers walk away feeling like something is wrong with realtors and process.
The messy non-transparency of blind-bidding makes you want to go take a shower.
Unlike the black hole that is usually presented by listing agents, I explain rules of engagement in advance to the agents involved – specifically, that they will always have a fair chance to win, which is welcomed!
Will I change the real estate world with my method?
Maybe – if enough sellers list their home with me. I’m available – contact me today and we’ll get started!
