The price stated in the description of the object is generally seen as a starting point for continued bidding. When several persons are interested in buying the property, bidding usually occurs, in which the person who offers the highest bid is usually selected to buy the object, as long as all other conditions are fulfilled. To participate in the bidding, just express your interest as a prospective buyer to the broker.
The seller and broker together set the conditions for the bidding, and the broker handles the actual bidding process. There are no laws controlling the bidding process, and it is important to note that the seller has the right to terminate the bidding at any time or to change its format. The law also states that no bid is binding, even if presented in written form.
As a buyer, you have the responsibility for conducting an in-depth examination. This means that it is of great importance that you perform a thorough examination of the property before any contract is signed. To prevent unpleasant surprises at a later date, Fastighetsbyrån recommends that all presumptive buyers make use of a professional examiner, if no professional examination has been performed with regard to the purchase.
According to the law, the investigation should be "called for with consideration of the condition of the property, the normal state of comparable properties, and the circumstances surrounding the purchase". The law assumes that the property is taken over in its actual state, so it its very important that the property be examined as thoroughly as possible before any contract is signed. A professional examiner knows exactly where to look and what to look for, eliminating the risk of unpleasant surprises in the future. The seller cannot be held responsible for faults and shortcomings that are discovered after the contract is signed. Therefore, it is also important to discover any warning signs indicating a flaw or fault - such as damp spots - which may be a sign of a much more severe problem that could grow worse with time. Feel free to consult your broker whenever questions arise.
Purchase Contract Rules
A number of demands have to be fulfilled before a purchase is considered legally binding, the most important of which being that all sellers and buyers have to sign the purchase contract. Until such time, the contract is not binding. After the contract is signed, it cannot be revoked unless a mutual decision is reached.
However, it must be stated that the owner has the final decision of whether he will sell, under what conditions he wants to sell, and to whom he will sell. The buyer can set the condition that he will buy the property providing his loan is accepted, his own property is sold or that he is entitled to a professional examination of the property. However, these conditions must be stipulated in the contract to be legally binding. Your broker is there to guide you through the process and to answer any questions you may have.