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Pre-Auction Bidding Highest-and-Best Process
Pre-Auction Bidding Highest-and-Best Process

Pre-auction bid process

Written by Customer-Service
Updated over a week ago
  • Upon receiving multiple sealed bids on a property during a Pre-Auction Bidding period (if available), our Bid Review team will ask that all parties submit their Highest-and-Best bid to determine the most viable. 

  • Each party is notified and will be given the same deadline to respond with their Highest-and-Best bid.

  • When all parties have provided their Highest-and-Best (or the deadline has expired), the Bid Coordinator will submit the highest bid to the Seller for consideration.

  • During this sealed-bid, Highest-and-Best process, Bid Coordinators do not share any bid information with other bidders.

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