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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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Bid: A prospective buyer's indication or offer of a price he or she will pay to purchase property at auction. Bids are usually in standardized increments established by the auctioneer.
As defined by National Auctioneers Association

See Also:
 » Backup offer
 » Bidding war
 » Absentee Bid
 » Absentee Bidder
 » Absolute Auction
 » Auction
 » Auction Value
 » Auction With Reserve
 » Bank Letter of Credit
 » Bid Acknowledgment
 » Bid Assistants
 » Bid Caller
 » Bid Rigging
 » Bidder Number
 » Bidder Package
 » Bidder's Choice
 » Broker Participation
 » Buyer's Premium
 » Collusion
 » Cooperating Broker
 » Groundsman
 » Hammer Price
 » Memorandum
 » Minimum Bid Auction
 » Minimum Opening Bid
 » Opening Bid
 » Regroup
 » Reserve Auction
 » Sealed Bid
 » Terms and Conditions
 » Tie Bids
 » Withdrawal

The definition for Bid and this glossary as a whole are presented to you as a courtesy of ForeclosuresMass. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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