Pre-auction bidding is a designated time that the Seller will review sealed bids submitted through our website prior to the online auction dates. During the pre-auction/pre-sale period, bids are reviewed and may be accepted by the Seller. If a pre-auction bid is accepted by the Seller, the property will not be offered during the designated online auction dates. All bids are sealed and confidential.

When participating in a pre-auction event, you submit a sealed bid on the Property Details Page of your property of interest. If there are multiple bids on a property, our Bid Review team will request each party’s Highest-and-Best bid. Each party is given the same deadline to respond with their Highest-and-Best sealed bid. Once the deadline has expired, the Bid Coordinator will submit the highest offer to the Seller for consideration.

During this Highest-and-Best process, all bids are sealed and Bid Coordinators may not divulge information regarding any other bids. The property will remain scheduled for an online auction until the Seller accepts a sealed bid.