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Are Properties Sold On A Bid Basis Like An Auction?



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Are Properties Sold On A Bid Basis Like An Auction?

If the home 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 is like buying any other home in the neighborhood. You will write an offer with a Total Solutions Realty agent or your own Realtor using the appropriate contract form and any addendums if necessary, and we will submit it to the Seller. They will negotiate only with you unless we have more than one offer on the property, what we call a multiple offer situation.

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