Results 1 to 3 of 3
  1. #1
    Join Date
    Dec 2011
    Location
    Albemarle, North Carolina

    Bidding on a house?

    I found a house in my area that I am really wanting to buy, however you have to bid on it. My question(s) is as follows

    1. Do you need to be pre approved by a bank for a loan before bidding?

    2. What happens if you are the highest bidder but your bank no longer approves your loan and or you can't afford it any longer (do they just re-list the house).

    3. What if nobody bids on the house once their bid time runs out? Do they start the time to bid over again?

    *This is online bidding by the way

  2. #2
    Join Date
    Feb 2007
    Location
    Walnut Creek, California
    Talk to the seller's real estate agent and ask the appropriate questions.

  3. #3
    If this is ebay, I understand real estate listings are *not* binding contracts, just a starting point to negotiate. I mean you don't paypal someone $300k and move into your house the next day.

Similar Threads

  1. What is thy bidding, my master?
    By SuperTurkey in forum Elizabeth King Forum
    Replies: 2
    Last Post: 11-22-2010, 03:23 PM
  2. Tickets are IN THE HOUSE!
    By PallasAthena in forum Elizabeth King Forum
    Replies: 9
    Last Post: 10-21-2009, 12:26 PM
  3. New House M.D. Tonight
    By Channing in forum Off Topic
    Replies: 4
    Last Post: 01-30-2008, 08:30 AM
  4. House
    By Channing in forum Off Topic
    Replies: 3
    Last Post: 11-21-2007, 08:31 AM
  5. House, MD
    By Channing in forum Off Topic
    Replies: 6
    Last Post: 05-31-2007, 02:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •