Silent Auction

As a seller determined to achieve the highest possible price in the current market, the one thing that you should never do is let your interested buyers know what other offers you have received. When buyers competing offers are disclosed to one another at an auction, they do not focus on offering the highest price they are respectively willing, able and prepared to pay.

The buyers focus on beating the competition and winning the auction rather than paying their maximum price.

'...you want to know the highest price every buyer is prepared to pay for your property...'