Our online auctions work like a live outcry auction, so sellers get top dollar and all bidders participating in final bidding are provided an opportunity to be the winner. Every auction will remain open as long as there is active bidding. By active bidding we mean that if a bid is placed at the end of a scheduled auction, this will extend bidding for 2 minutes.

Example: The posted end time for an auction is 5:00 p.m. If Bidder1 places a bid at exactly 5:00 p.m. the system will extend the auction and open up a 2-minute window within which other bidders may challenge the high bid. If Bidder2 places a higher bid before 5:02 p.m., the auction will be extended for another 2-minute period and the system will accept additional bids. This continues until there are no more bids placed within a 2-minute extension period.

This process ensures the highest possible price for the seller while providing all participating bidders the opportunity to become the high bidder/winner.

Of course, the best way to ensure you will purchase an item for your price is to make your highest bid early in the auction process or to use the Make Offer feature. Some auctions are conducted in 2 phases -- online and live. Being the high online bidder does not always guarantee you will be the winning bidder. Please confirm specific terms of your auction prior to bidding.

How else are our auctions like live auctions? Auctions can be restricted to bidders who have been ID verified and posted a Registration Deposit -- requirements at all of our live real estate auctions.