I had 5 days to consider if I wanted to rethink "my max price". That 5 days also gave me the opportunity to find out more about the property itself too. My husband and I both did digging and found out quite a bit. Cool. With the information we found, we said, yep, let's bid again and win it this time!
Bidding started. 48 hours to go. I placed my first bid. I don't recall what the opening bid was, but whatever. It wasn't the reserve price. The bank placed a bid, and ups the ante. And back and forth we go. I wait, because I don't want to be too eager, and I also don't know if someone else has any interest in the property, so I may not only be going against the bank.
I place my final bid, just $1 over the reserve price.......and that was it. I won. Wow! I just bought a house, sight unseen, in another state. Now what?
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