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Sealed Bid Auction Form

Sealed Bid Auction Form

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Instructions and help about Sealed Bid Auction Form

jeff what is a sealed bid why does it happen and what does a buyer do if face for that situation um a seal bid richard is where all potential buyers for a property put their bids in by a certain pre-agreed date and time the bids are sealed so no one knows what they are and they're revealed to the vendor after the agreed time why would a vendor do that well because a vendor wants to maximize the return on their property and for a buyer they really need to put themselves in the best position when making that sealed bid so have their mortgage ready a solicit already in place and make the best bid that they feel is possible on that particular property okay so once those sealed bids are in what's the process what happens well they're sealed so no one sees the bids not even the agent until they're open when that's agreed with a vendor at a pre-agreed time and that the benefit of that is it helps the vendor maximize their return on the property and also

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