You’ve underwritten the deal and checked out the property and the market. How do you decide to bid and how much to bid? You’ve underwritten the deal and checked out the property and the market. How do you decide to bid and how much to bid? This is much more of a subjective analysis, which […]
In this lesson, we will walk through a high-level overview of the bidding process from start to finish. In this lesson, we will walk through a high-level overview of the bidding process from start to finish. We will cover what the bidding process entails from your opening bid through an executed LOI to a signed […]
The LOI is central to the bidding process. Now that you have some familiarity with that process, we will cover what your LOI must include. The LOI is central to the bidding process. Now that you have some familiarity with that process, we will cover what your LOI must include. We will discuss the necessary […]
You never submit an LOI in a vacuum. In this lesson, we will discuss how market conditions will affect your bid and what strategies to employ to submit a winning bid in a competitive market. You never submit an LOI in a vacuum. In this lesson, we will discuss how market conditions will affect your […]
The final step in the bidding process is the purchase and sale agreement, also known as the contract. In this lesson, we will discuss some things to keep in mind at this stage of the game. The final step in the bidding process is the purchase and sale agreement, also known as the contract. In […]