What does it mean when properties are sold “Buyer’s Choice?
If more than one property is being sold from a sale site the properties may be sold buyer’s choice. This means the “#” of the property does not indicate the order in which it will be sold. Instead, when the auctioneer concludes the bidding, the high bidder (whoever bids the most) will choose which property they’ve bought. They may choose any of the properties in the group and they may also choose more than one. The purchase price bid is per a single property. For example, if the high bid is $50,000 and the high bidder chooses two properties, they pay $100,000 total. After the high bidder makes their choice(s), the auctioneer will open and start the bidding again. The second high bidder does not get to choose; only the high/winning bidder gets to choose and buy. The process is repeated until all properties for that group have been sold. This is done to accommodate bidders who have second and third choices and/or are investors and want more than one property (rather than selling the prop
