Insured Properties
Once properties are listed to the public, there is a (15 days) Exclusive Sales Period. This period gives first priority to owner occupant buyers, their primary residence. After this Period (16TH day), non-owner occupant investors can bid, and this is known as the Extended Sales Period.
On the 11th day from going on the market, bids are open and all
offers from the first 10 days are reviewed and then awarded. If no
award of bid after the 11th day, bids are open daily thereafter.