About Round Robin Bidding

The Bidding Method

1. Only buyers who have seen the house may bid on it.
   
2. After you have had a chance to inspect the house, you will have an opportunity to put down an initial bid of any amount on the bidding sheet. You must do this to be eligible for the round-robin bidding Sunday night.
   
3. Bids may be left at any amount, at any time prior to 6pm Sunday evening.
   
4. No one can enter the bidding after 6pm Sunday evening.
   
5. The bidding is open, and we will tell anyone the status of the bids at any time.
   
6. The home will be sold to the highest bidder in round robin bidding on Sunday night starting at 8pm.
   
7. The highest bidder prior to the round robin bidding will have the opportunity to make the first bid when the final bidding begins. Then next highest bidder will get the second call, and so on down the list.
   
8. Every bidder will have the opportunity to top the high bid until the highest bidder is established.
   
9. If there is more than one bid at the same level, the earliest bid will be honored.
   
10. Bids must be $50 apart (on monthly payments or terms).
    
11. The highest bidder will be offered the home at the bid price. If the highest bidder is unable to qualify, the second-highest bidder will be called. If this bidder is unable to qualify, the third-highest bidder will be called.
    
12. Bid on the home as is.

Preference for Cash
Any bidder offers to buy the house outright is preferred. A cash sale will speed up the closing and save the seller interest. Therefore, all cash offers are allowed to negotiate the price.

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