Comments on: Buying a House: The Bidding Process

By: Andrew

Andrew — Wed, 18 Jan 2023 00:42:07 +0000

Hi!

So the bidding doesn’t necessarily start at the asking price?

By: Sanjay Rangaraju

Sanjay Rangaraju — Wed, 23 Feb 2022 14:03:12 +0000

Hello
Am a new comer to this country and trying to understand more about process. Wanted to know the agent is from Bank representative or a private real estate firm?

By: Bas

Bas — Tue, 16 Nov 2021 13:42:01 +0000

Thanks David, for this very insightful article!

You should know that the ‘Norwegian model’ has served as an inspiration/example for a reform of the bidding process which has now finally been initiated in the Netherlands.

Regards,
Bas

By: Anbarasan Thiruvambalam

Anbarasan Thiruvambalam — Thu, 06 May 2021 05:46:33 +0000

Hi,
Thanks for the detailed explanation.
I could like to know about the new bidder entering after 12.00, is that allowed to enter new bidder after 12.10 eventhough last bid time 12.15.
Thanks in advance.

By: Sandesh Sandesh

Sandesh Sandesh — Fri, 15 Feb 2019 11:53:09 +0000

hi thanks for the good info, one question.

do we get to see the other bids which were set in the past if we are putting up a new ( first bid for us, but maybe not first for the house) bid in between other bids? i am curious to know if we can know the history.

By: David Nikel

David Nikel — Sat, 25 Aug 2018 17:51:17 +0000

In reply to Cyril Millet. I would ask the agent if I were you!

By: Cyril Millet

Cyril Millet — Sat, 25 Aug 2018 13:12:34 +0000

Hi David, thank you so much for your explanations, very helpfull.
My wife and myself are looking for a house around Tromsø, we found a perfect one, it was mentionned a price of 3 000 000 kr on the advert. The agent has sent me an sms saying the bid was starting at 500 000 kr and will end the 30th of august 10 o’clock. Do you have any idea why the bid starts so low? but for so long?

By: David Nikel

David Nikel — Tue, 24 Apr 2018 08:09:56 +0000

In reply to Nicolangelo Iannella. The original asking price is in the article. We didn't bid in the auction listed above, so it's all bids from other people. Yes, it's basically an auction process with a certain amount of time that needs to pass with no further bids.

By: Nicolangelo Iannella

Nicolangelo Iannella — Mon, 23 Apr 2018 18:17:16 +0000

Hi David,

Just out of interest about the bidding process .. what was the original asking price?
As for the presented bids .. were they from you or others? If its the latter is looks similar to an Auction accept that the time needs to laps for one to secure the property. Is this correct?

By: Giselle

Giselle — Wed, 25 Nov 2015 01:15:36 +0000

Congrats!!!