[interblag]

This makes me wonder why not just use a one-time second price auction? In that case everyone just needs to huddle up with their family once, submit their maximum price for the house, and know that they won't have a risk of over-paying relative to everyone else's valuation.

https://en.wikipedia.org/wiki/Vickrey_auction

[srveale]

I would guess most sellers would not want to do this