Upon receiving multiple offers on a property, the Seller asks ServiceLink Auction powered by Hudson & Marshall to request each party’s Highest and Best Bid to determine the most viable offer.
Each party is notified and given the same deadline to respond with their Highest and Best.
When all parties have provided their Highest and Best or the deadline has expired, the Bid Coordinator will submit the highest offer to the Seller for consideration.
During this Highest and Best process, all parties are blind and Bid Coordinators are not allowed to share information regarding any other offers.
The property remains available for bidding until the Seller receives an “Accepted Offer”.