How do sealed bids work?Make Text Bigger
A property I like is under offer by sealed bids, my question is; is there just the one chance to submit your offer and the agent takes the highest or do the agents come back to ask for further higher offers e.g. if there are several offers round about the same amount? In other words, are they allowed to weed out lower offers?
Also, if a bid under the asking price is agreed does this remove the property completely from the market, viewings, offers etc, (subject to completion of course) or is it still on the market after the offer has been accepted even if not yet completed?
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