This invention relates to method for using a computer to facilitate an auction of an interest in real estate on the World Wide Web wherein an owner inputs into a computer relevant parameters pertaining to the real estate interest on offer. The real estate interest and related data are then posted on a website on the World Wide Web to create a searchable database which is made available to prospective purchasers. Prospective purchasers may to submit a conditional offer or offers to purchase the selected real estate interest which is transmitted to the owner of the real estate interest on offer. If the property on offer receives multiple offers, the respective conditional offers to purchase are posted on the website to encourage additional higher offers. The provider of the website earns a fee for the service of connecting the buyer and seller of the subject interest in real estate.