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Placing a Bid in Auction
Placing a Bid in Auction
Roger avatar
Written by Roger
Updated over a week ago

You have done your due diligence. You are set up and registered to bid. What's next?

Bidders should take note of the auction times and be prepared to place a bid at any time during the 48-hour bidding window, keeping in mind that you can be outbid by another party at anytime during this period. You are able to view the auction activity on the property page- and will be notified if the reserve is met or if you become the winning bidder.

Keep in mind of these auction terms:

Starting Bid: This is the opening bid for a property, and bidding will begin at this amount. Bids can not be accepted below the starting bid amount.

Reserve Price: The reserve price is the minimum price point at which the seller has agreed to sell the property. Once the reserve has been "met", the property will sell.

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