1. Communicate with the Owner: The first step would be to communicate with the property owner about the current highest bid. Inform them that the highest bid is currently $908,000, which is $4,000 less than the reserve price. 2. Negotiate with the Bidder: If the owner is open to negotiation, you could approach the bidder to see if they are willing to increase their offer. It's important to highlight the value and potential of the property to persuade the bidder to raise their bid. 3. Consider Lowering the Reserve Price: If the bidder is not willing to increase their offer, and the owner is open to it, you could consider lowering the reserve price to meet the highest bid. This would depend on how urgently the owner wants to sell the property and their willingness to accept a lower price. 4. Extend the Auction: If neither negotiation with the bidder nor lowering the reserve price is an option, you could consider extending the auction to attract more bidders. This could potentially drive up the price due to increased competition. 5. Post-Auction Negotiation: If the property still doesn't sell at auction, you could enter into private negotiations with the highest bidder