This article provides tips for buyers for the best experience during the final bidding stage of an Openn negotiation
Preparing for the final bidding stage
For the best experience during the final bidding stage, it is recommended to use a tablet or computer, ensure a strong internet connection and charged devices.
What to expect during the final bidding stage
Keep in mind the timer clock will reset with every new bid or increment change. This gives all buyers plenty of time to consider increasing their offer as it is a two-click process.
The agent has the ability to pause the negotiation and will use this feature when needing additional time to discuss the sale with the seller or assist other buyers.
After the final bidding stage has finished
The final bidding stage ends when the clock times out and no further bids are made.
If the property has met reserve, the winner will be announced and the agent will issue the final contract to the winning buyer.
If it did not meet reserve, it will pass in and the agent will commence negotiations with the highest bidders.