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I also like the idea of on-line ebay style bidding (still with open house inspections and ads can state the bidding dates). Buyers can enter their highest price that they're willing to go and sellers can list an outrageous (or reasonable) "buy now" price if they wish. This method seems to be a...

I like option 3 the best. I'm a newbie (currently looking for IP #2) and tend to shy away from opotion 5 listings. I know it's all about knowing your market, but being new in the game, my confidence/ negotiation skills are low and I am not a fan of not having an initial number to work with...