Are properties ever sold on a bid basis?
If a property is to be sold on a sealed bid or auction type basis, the information sheet on this web site or the MLS listing will indicate it is to be sold in this manner. Generally, it’s like buying any other home in the neighborhood. You will write an offer with a Cliff Roe Realty, Inc agent or your own Realtor using the appropriate contract form along with any addendums required and we submit it to the Seller. The bank will only negotiate if we have more than one offer on the property; a multiple offer situation.
Related Questions
- During 2010, I sold fund shares inherited from my parents. Will cost basis and gain/loss information from this sale be shown on my 2010 Average Cost Accounting Statement?
- How can I purchase properties that have gone to auction but not sold? Are they over the counter or sealed bid?
- Are properties ever sold on a bid basis?
