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General Questions: |
1. |
Is it an auction tool or negotiation tool? |
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It is a price negotiation tool, negotiation done here is neither binding nor final and parties can further negotiate
through any means.
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2. |
Are offers made here legally binding contract? |
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NO, Seller and Buyer can walkway anytime. |
3. |
How long the negotiation process remains open?
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Seller can stop the process anytime or it remains open as long as the listing is
online.
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4. |
Is the process anonymous?
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Yes. The buyer can reveal his identity at appropriate time.
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5 |
Can a buyer see his competitor’s offers?
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No, only seller can see. Buyers can't see other buyer's offers. Buyers cannot
know even number of other buyers.
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