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Bindende bud (binding bid)

In Norway a property bid is legally binding the moment the agent receives it, and you cannot withdraw it before the acceptance deadline runs out (Contracts Act section 7).

In Norway a property bid is legally binding the moment the agent receives it, and you cannot withdraw it once the acceptance deadline is running (Contracts Act section 7). So read the condition report and confirm your financing before you bid, not after. Any reservation, for example subject to financing or to selling your own home, must be written into the bid itself to count.

Read more in the guide Bidding on a Norwegian home: how the budrunde works, smart and legal

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