Bid-Over the Asking Price

Bidding Over the "As-Is' Value

1. The Original List Price is the "as-Is' value, is also the appraised value (the asking price). All stated names as defined are the same.

2. You can get a 2nd appraisal when using FHA.

3. Overbidding requires submission of "proof' of funds; overage must

be in cash at closing and can not be financed.

4. Notice to Purchaser Addendum must be completed and submitted with

contract package. Notice to Purchaser Addendum to Sales Contract