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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://www.bubbleinfo.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:

  1. Every buyer has a fair chance to win.
  2. Buyers know when losing is imminent, and can raise their offer.
  3. Buyers determine their own fate.
  4. Winners are determined promptly – within hours.
  5. In the end, everyone feels like it was a fair and honest selection method.

Compare my method to the features of blind-bidding:

  1. There’s no specific process.
  2. How the winner will be determined is unknown.
  3. Buyers don’t know anything about the competition – if any.
  4. It always drags on for days with no communication.
  5. 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!

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