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What does "sealed bid" mean?

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A sealed bid means that the amount that you bid for the downpayment on any land parcel is between you (the bidder) and the seller of the land parcel. So, the latest bid on any parcel is not published or viewable on the web site. Unlike eBay, where the highest bid is available for all to view as soon as it is made, we have found that the sealed bid is best and gives everyone an equal chance to own land, instead of professional speculators coming in at the last moment before a land auction closes and out-bidding by one or two dollars, just to keep anyone else from owning the land. With our land auction, as long as the real estate is listed...it is available to own. Obviously, the higher your bid on the downpayment the more likely it is that you will secure the parcel. Q: When do I find out if my sealed bid was accepted? A: Within 24 hours you will be contacted. That is why it is important to check out the auction main page often. to see what new land parcels have become available. Also, ... more
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