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Sealed envelope real estate bidding process — Brooklynian

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Sealed envelope real estate bidding process

anonymous

anonymous

February 2007 edited November -1 in Brooklyn and Beyond

I am about to engage in a "sealed envelope" bidding process on a home we want to buy. Does anyone have experience with this? The broker says that the seller will pick the offer and there will likely be no further negotiating/counter-offers. Not sure if I should believe this. However if it is really a one shot, I might consider raising the offer (which is surely the effect they want). If you have insights, please share.

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