Why can't I get the property address before the inspection period?
The short answer is that you can. However, until the seller has enough "preliminary" interest in the property as reflected by potential buyer/bidder contacts via phone, email, or online registration, they don't know when they will hold their two day weekend inspection period.
DU real estate class, book help couple auction home
In essence, this is an auction with a narrowly defined group of bidders. In this case, the end result did exactly what anyone listing a home wants to see-the sellers got the price they wanted
Do I get to have the property inspected if I'm the high bidder?
Yes, once the “Best Bid” is accepted and a sales contract is executed, the transaction process is no different from a traditional real estate sales transaction.
Assuming the Buyer’s sales contract is “subject to financing” and requires an appraisal; the parties can terminate their contract for sale or renegotiate the price.
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