I read this recently as a buying technique, when a buyer is up against a property going to tender or a dutch auction type situation, and would like to know what you all think about it.... It got me thinking, anyway Buying a property this way can be like driving a car with a blindfold on. You're not in control, have no idea of the benchmark, yet want the property- but not at any cost. Solution: put your offer in the envelope and present it to the agent along with the others (if there are any) stating that you will pay $x more than any other bona fide purchaser. Thoughts?