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In an auction, bidding is the act of offering a price for an item being sold. Bidders compete by placing higher bids until the auctioneer declares the item sold to the highest bidder. Bidding can be done in person, online, or over the phone, and the highest bid at the end of the auction wins the item.
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What are the requirements for bidding on a Fannie Mae property?
To bid on a Fannie Mae property, potential buyers typically need to be pre-approved for financing or have proof of funds if purchasing with cash. Bidders must also register with Fannie Mae's online auction platform, HomePath, or work with a licensed real estate agent familiar with the process. Additionally, it's essential to review the property’s listing for specific requirements and conditions related to the bidding process.
What does it mean if an auction is with reserve?
If an auction is with reserve, it means that the seller has set a minimum price that must be met before they are willing to sell the item. If the bidding does not reach this minimum price, the seller is not obligated to sell the item.
What are the Advantages and disadvantages of competitive bidding for government contracts?
One advantage to bidding on governmental contracts is the fact that the winning bid will offer the best services for the job. A disadvantage to the process is the fact that bidding may make a business bid too much for the contract.
What is a technical bid?
A technical bid is where the technical goods availability is given the priority and then followed by the price bidding process. Here, the suppliers with the most goods availability is considered by the buyer for the further bidding.
What does no reserve auction mean?
A no reserve auction is a type of auction where there is no minimum price set for the item being sold. This means that the item will be sold to the highest bidder, regardless of how low the bid may be. This approach can encourage bidding, as potential buyers may feel they have a chance to acquire the item at a lower price. However, sellers risk selling their item for less than its market value.
In an Internet Bidding Platform what is a reverse auction bidding type?
See www.yellowbids.com
Cars prices at auction?
The prices are often lower at car auctions, because there is bidding process and the more bidders you have at your car the more you win...
What is a bidding price?
A bidding price is a price offered by a buyer/bidder when he buys a good, such as at an auction.
Can you explain the concept of a double in bridge and how it affects bidding strategies"?
In bridge, a double is a bid that indicates a strong belief that the opponents will not make their bid. It is used to increase the penalties for opponents who fail to make their contract. The concept of a double affects bidding strategies by adding a layer of risk assessment and can influence the decision-making process for both sides in the auction.
What are the most popular bidding sites to date?
There are many bidding sites or auction sites. Some of the most popular to date are UBid, eBay, GSAAuctions, eBid, AllPennyAuctions, HappyBidDay and Auction.
What is the derfinition of poential bidder?
a potential bidder is any number of serious investors who are very likely to purchase the (financial or real) asset in a process of bidding / auction.
What is a 12 letter word for a place to do one's bidding?
auction house
From where can one download the eBay bidding snipe software?
One can download eBay bidding and sniping software from the following websites: JBidwatcher, Auction Sniper, Auction Sentry, EZ Sniper, and CNET Download.
What is a price offer called in a bidding?
A price offer in bidding is called a bid price. Someone bidding on something, like at an auction, can bid on the item, which is called the bid price.
How do you spell auctioneer?
That is the correct spelling of the word "auction" (sale by bidding).
What is a Bid Increment?
A bid increment is the minimum amount by which a bidder must raise their bid in an auction. It ensures that bids increase by a specified amount rather than arbitrary values, promoting fairness and clarity in the bidding process. Bid increments vary depending on the auction type and the current bid amount, helping to facilitate competitive bidding while maintaining order.
What are the requirements to bid on a tax lien?
There aren't any really specific requirements for bidding on a tax lien. You simply have to know what you are doing. There are some great programs and books out there that can guide you through this process (http://tax-sale-lien-reviews.com). Knowing how the process works, including the possible risks associated with this type of investing, will better equip you for the auction/bidding process.
