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(1) The seller issues a call for tenders, which includes information about
the land that is up for sale. (2) Bidders obtain the call for tenders and
survey the land (3) Bidders pay a guarantee and seal their bid before putting
it into the bidding box (4) The seller presides over the opening of the bids
at the close of bidding (5) The seller will organize a committee to evaluate
the bids (6) The seller chooses the winning bidder from the candidates
recommended by the committee and notifies the winner (7) The successful
bidder signs a contract with the seller within a certain period of time and pays
earnest money. The local notarization department attends the bidding and
evaluation activities and issues a notarial deed. |
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