What is a Highest Bidder Sale?
A Highest Bidder Sale is when you get an option to buy a property, then do aggressive marketing for a week to attract people to a 2 day open house (limited hours) where you will accept bids from people who want to either buy for the highest price or for the highest down payment.
You typically sell the house within 2 weeks after you get the option to buy. If it is a cash sale or a highest down payment, you get paid a week or two later. A Highest Bidder Sale is a FAST way for you to make a substantial amount of cash quickly.
Real Estate Deals You Can Use This Technique
A Highest Bidder Sale works on wholesale type properties, houses in perfect condition, mobile homes, land and much more.
With a Highest Bidder Sale, you do NOT need to buy the house, get a loan, find a private lender, do any repairs, have good credit, or need much cash. A Highest Bidder Sale is the ultimate “risk free” real estate technique which will usually net much more than wholesaling!
Hope you enjoyed this quick lease option real estate investing tip!