Here's a short video of the whole bidding process, from start to finish.
Watch this and you'll be a certified Bid On Estates Bidding Expert in no time...
How do i register to bid and get a bidder number
Only registered bidders over the age of 18 can participate in our online auctions. Before you register, Click on TERMS AND CONDITIONS, and read that page in it's entirety. If you decide that those terms are agreeable, click on the REGISTER link displayed near the top of any of our auction pages and enter your contact information, you will be asked to provide a valid credit card number.
After you have registered online, you should immediately receive your bidder number in your email inbox. Please write down your password and bid number and keep it in a secure place. This bidder number and password can be used to bid in this and all future Bid On Estates auctions. NOTE: @Hotmail.com, @Live.com. @MSN.com, @Outlook.com email users:
Microsoft may block our initial automated email from reaching you, because they have very stringent spam filters in place and our bidder numbers are sent by an automated system, if so, please add us to your "safe sender" list, or just give us a call, we will give you your bidder number over the phone. Or, if possible use a different email provider as we want to ensure that you get any outbid notices and necessary invoices.
HOW DO I PLACE MY BIDS?
Select the auction you would like to view. When the bidding for the auction is open, locate the items that you would like to bid on, to the right of the items in the same row, you should see an empty white box, or field. This is the area where you can enter your bid, and if you want, you can just enter the highest amount that your willing to pay (recommended, because you will never lose internet connection at a crucial moment, nor forget about the auction, or miss the lot because you have other things going on) or just enter a bid that is at least increment greater than what it is at currently.
The next step is to scroll all the way to the bottom of the page, you should see empty fields where you need to input your bidder number and then your password. Click on SUBMIT BIDS. You will then have the opportunity to review your bid, hit SUBMIT again and your bid has been recorded and is now active.
Sometimes, another bidder may have previously placed a bid higher than yours, if so, the software will automatically adjust their bid to the next highest increment after yours.
A nice tip is to place bids on the items that you are interested in early on in the auction, after your bids have been placed, a new link will appear that allows you to "Review Bids", this is a nice way to keep all of the items that you intend to bid on neatly organized and accessible.
WHAT IF I DON'T HAVE A CREDIT CARD?
We require each bidder to complete credit card verification to ensure that each of our bidders is a valid and qualified bidder. This verification method has been implemented for the protection and security of each of our bidders. Each bidder knows that all bidders are valid and that they have met the same requirements that you have to be able to bid online. The credit card verification process is completely secure and the information is held on a secure server. This is the recommended procedure suggested to bid online. We certainly understand that not everyone is comfortable releasing their information out over the internet and that some people just aren't as technology savvy as others. If this is your situation, just give us a call.
I REALLY WOULD RATHER NOT ENTER A CREDIT CARD NUMBER...
In all probability, we will require some physical proof of your identity, perhaps a photo copy of your driver's license and/or your credit card number given out over the phone.
We can manually enter bids on your behalf from our computers, so you will not have to learn how to bid via the software, much like how a traditional auction house accepts “Absentee Bids”.
We are pleased to accommodate every individual with service that tailors to their comfort levels. However, you should make arrangements AS SOON AS YOU PLAN TO BID, as extra time must be allotted to accommodate such provisions. Do not wait until the last few hours.
What is a bid increment? and what are they in this auction?
The default bid Increment is the minimum dollar amount that the bid must be raised. Bid Increments will typically be:
A buyer's premium is charged to the buyer in addition to their bids. This amount is taxable. It is represented as a percentage of your bid and added to your total. If there is a buyer's premium of 10% in a given auction, and you bid and win on an item that sold for $100.00. Your invoice will be for $110.00 plus taxes.
We always clearly denote what the buyer's premium is in the TERMS area of each auction we perform.
why is time added to the of the auction?
The auto-extend time feature will leave the bidding open for any item that has received a bid within the last 2 minutes, even if the original ending time has been reached. So, if you bid on an item with 1 minute left, the next bidder will have an additional few minutes to bid on the item before the lot closes.
If that bidder does bid, you then are allotted an additional few minutes to complete your next bid. This feature has several advantages, 1) it helps to emulate a real “live” auction. Where the bidding continues until the highest bidder has no other competition willing to make a higher bid. 2) it alleviates “snipers”, or people who wait until the very last possible second to bid, often outbidding you by only one increment.
How does the auction end?
The auction will begin at a scheduled day and time. To shorten the amount of time that you must be sitting in front of your computer, we generally close 3 lots per minute.
For an auction beginning at 6 pm. Lots 1, 2, 3 will close at 6:01. 4, 5, 6, will close at 6:02. Etc. But remember we have auto-extend timing, so lots will close at the above intervals, unless they go into extended bidding, where any bid will extend that auction item by an additional 3 minutes. A time clock will be in place to inform you how much time is left in that particular lot's auction.
how do i know when and if i won an item?
If you are the high bidder, the system will send you an email with an invoice when the auction ends. This email will have instructions on how to complete payment.
If you believe that you were the high bidder but did not receive an invoice, please contact us immediately.
Typically, we collect all debts upon the posted pickup hours. If you do not show up for the pickup, we will charge your credit card for the full amount. If the auction is held at a private residence, all merchandise bid on but not picked up will be considered forfeited and we may even have to charge you a removal fee, as our client's expect a clean and empty house upon us leaving.
Please bring your own labor and packing materials.
Bid On Estates is a Trading Assistant Company and does NOT represent themselves to be Licensed Auctioneers. In PA, it operates as a REGISTERED TRADING ASSISTANT, Under License Number: TRA000074 In OH, as an ONLINE ONLY AUCTION MEDIATION COMPANY. Bonded in Favor of the State of Pennsylvania and Maintaining Adequate Insurance Coverage. Copyright, 2019