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General / Biding process
« on: April 15, 2006, 06:53:13 PM »
Hi,
I have a question about the bidding process. How often do the properties sell far above the min tender. In other words, what are the chances of getting a property at min tender. I guess it would depend on how many bidders were interested. Before I bid on a property, I should get the tittle search done for about $90.00, right? The problem with the auction process is that you never know if you are the winning bid. You could spend hundreds of dollars on tittle searches trying to win the tender, but lose every time. Does anyone have any ideas???
Thanks
Don
I have a question about the bidding process. How often do the properties sell far above the min tender. In other words, what are the chances of getting a property at min tender. I guess it would depend on how many bidders were interested. Before I bid on a property, I should get the tittle search done for about $90.00, right? The problem with the auction process is that you never know if you are the winning bid. You could spend hundreds of dollars on tittle searches trying to win the tender, but lose every time. Does anyone have any ideas???
Thanks
Don