What happens if you win a bid on eBay and don't want it?

On eBay, placing a bid on an item is equivalent to entering into a contract. By bidding on an item, you obligate yourself to pay for the item if you win it, even if you decide you no longer want it. Only bid on items you are serious about purchasing.

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Keeping this in consideration, what is the ebay item number?

eBay Item Number is a 12 digit unique identification number given to each listing that a seller posts. This goes for both auctions and buy-now items. You will see this number on every single listing on eBay. It's unique by listing, not by product. What is a respectable offer on a home? When it's reasonable to offer 1% to 4% or more below askin. A good reason why you may want to offer below 5% is when you're paying with cash (although companies who offer sellers cash for their home will typically offer 65% below market price).

And another question, how do you bump a contingent offer?

The bump clause allows the seller to accept another offer, so long as the seller notifies the original buyers and sees if they will waive their contingency. If not, the buyer accepts the new offer and the first buyer receives the payment they put down. And another question, do sellers always pick the highest offer? But do sellers always accept the highest offer? The short answer is no. While the offer price is certainly one of the main things the seller will look at, it's not the only thing that matters. Savvy sellers (and sellers with smart Realtors) know that they need to consider the entire offer, not just the price.

How much is a good faith deposit on a house?

In most real estate markets, the average good faith deposit is between 1% and 3% of the property's purchase price. It can be as high as 10% for highly competitive homes with multiple interested buyers. Some sellers prefer to set fixed amounts to help filter out buyers that aren't serious.