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  2. Bid price - Wikipedia

    en.wikipedia.org/wiki/Bid_price

    In real estate, a potential buyer can increase their bid in a number of different ways. Some common ways a bidder can increase their bid such as offering a higher purchase price, reduce the number of contingencies, pay with cash or even write a letter to appeal to the seller.

  3. Bidding - Wikipedia

    en.wikipedia.org/wiki/Bidding

    Bidding is used to determine the cost or value of something. Bidding can be performed by a person under influence of a product or service based on the context of the situation. In the context of auctions, financial transactions on international markets, or real estate, the price offer a business or individual is willing to pay is called

  4. Price on application - Wikipedia

    en.wikipedia.org/wiki/Price_on_application

    Price on application (sometimes price on asking), more commonly abbreviated as POA, is a term often seen on price lists, classified advertisements and is commonly used with regard to real estate prices. It means the seller or selling agent must be contacted in order to obtain the price.

  5. Housing: Bidding wars erupt as 2024 kicks off, with some ...

    www.aol.com/finance/housing-bidding-wars-erupt...

    While the national median list price declined seasonally to $410,000 last month, prices were growing 1.2% compared to a year earlier. "Competition in the market today is a bit stronger than pre ...

  6. Suze Orman Says a Big Change Is Coming to Homebuying ... - AOL

    www.aol.com/suze-orman-says-big-change-175625288...

    The real estate market has been on a wild ride the past few years. During the peak of the pandemic, interest rates plummeted and buyers got into bidding wars over homes -- sometimes paying ...

  7. Buyer's premium - Wikipedia

    en.wikipedia.org/wiki/Buyer's_premium

    Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...

  8. They helped create California's unattainable housing market ...

    www.aol.com/news/bidding-wars-meaningless-list...

    So they price conservatively and let a bidding war happen to drive up the price,” said Daryl Fairweather, chief economist at the real estate brokerage Redfin. “It used to be something we would ...

  9. First-price sealed-bid auction - Wikipedia

    en.wikipedia.org/wiki/First-price_sealed-bid_auction

    A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]

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