Can a home or property be sold by sealed bid? What are your experiences with that method of selling?

Question

I would require a minimum price (reserve).
I live in Illinois and realize that state laws vary, be specific if possible.
How could interest in the property be promoted?
Is this a wise way to sell a property by a specific date?

Answer 1

yea, if you have a lot of buyers. If not just be happy to sell it to anyone in this market.