If the bidding doesn’t reach the reserve, the property is ‘passed in’ and the agent will then begin negotiating with the best bidder in an effort obtain a worth each parties are pleased with. Conducting a thorough inspection of the property is step number one. Our handy room by room checklists might help guide you on what to look for when shopping for a house or an apartment. Due diligence might help safeguard you from buying a property with issues that may price you a fortune down the monitor.
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