What happens if I’m the highest bidder at the end of an iBidcondo Auction?
You are obligated to purchase the property at your winning bid price. As the highest bidder, you will be contacted by a representative of iBidcondo and provided details regarding closing. You have 30 days from the close of the Auction to (1) deposit the entire bid price into an escrow account maintained by iBidcondo at the Nominated Title Company and (2) execute a purchase and sale agreement with the developer or owner of the property.
