How a 5 Day Sale Works

 A 5 Day Method Sale is designed simply to find a buyer and a price acceptable to the seller.  Anyone interested in buying the home must both inspect it and leave a bid on the bidding sheet before 4 P.M. Sunday evening - 2nd day of the open house.  This is not a traditional auctionYou do not need to come with any funds and bids are not binding.  The bidding sheet is available for all parties to see.  Bids made on the bidding sheet do not obligate the potential bidder in any way.  Bids at any price level are acceptable.  At 7 P.M. Sunday - 2nd day of the open house, all bidders are called, starting with the highest bidder.  Each bidder then has the opportunity to increase their bid.  The process then repeats itself until there is one high bidder.  Now we enter into a traditional purchase contract and set up a closing.

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