HighestBidderHomeSales.com holds an Open House over 2 days, usually on a weekend. The open house is heavily marketed using newspapers, online ads, street signs, flyers, and other marketing techniques. 

Potential buyers have the opportunity to walk through the house, inspect it, review inspection documents and make a bid based on the starting minimum bid. 

This bid holds the name, address, phone number, and amount offered. It is not a closed bid, and all amounts are open for all to see. It is not a commitment to buy.

Bidders can bid as often as they like throughout the course of open house period which is usually 2-3 days. At the close of the open house, all bidders are called, starting with the highest bidder. Those who are still interested move forward to the round-robin stage, increasing their bids to stay involved and in the running for the house.

This round-robin stage can last a few hours or a few days. The highest and best bid accepted will have 24 hours to sign a contract and put down an earnest money deposit. This amount depends on the sales contract specific to that property.

The buyer has 30 days to obtain financing to complete the transaction