| Help: Menu | ||||||||||||||||||||||||||
| General | Registration | My Account | Bidding | Selling | ||||||||||||||||||||||||||
| Help: General | ||||||||||||||||||||||||||
| Welcome!
You can search for items on the Home Page or browse Auctions by category. To place a bid you must register for an account by filling out the required information in the registration tab. After clicking submit you will be emailed a confirmation. Open and click the link to verify your account. If you do not recieve an email check your junk mail or contact support by email @ support@USAuctionAdvantage.com Before placing a bid you must: Read terms and conditions of the property you are interested in because each property has its own individual rules for bidding. If you do not agree with the terms and conditions, do not bid. Download the bid packet and read all of the disclosures. Get pre-qualified by the lender of choice for the property you are interested in buying. Fill out the bid packet reciept and fax or email it along with your prequal letter to the listing agent for that property. If you are working with an agent or you are an agent representing a client you must include the agent information on the bid packet reciept. You are not required to use an agent if you do not want to. Agents do not bid on behalf of your clients. Go to at least one of the property previews and inspect the property before bidding. Log into the website and click on the property your interested in winning and click on watch this item to get email alerts during the auction. Read the rules for bidding and place your bid anytime before the end of the auction. You should try and be at the property for the end of the auction if possible. Bid stations will be available for you to use at each preview and on the last day of bidding. Be sure to contact the agent if you are the winner as soon as possible after the close of the auction if you are not able to be at the property the last day. Make arrangements for the contract to be sent to you for signatures and arrange for the deposit to be sent to the agent within 48 hours . Auction - A Traditional Auction listing allows you to bid on that listing up to the end of the auction. The specific start price is determined by the seller, and people bid against each other in specified bid increments. Traditional Auctions allow the Seller to set a Reserve. When listing a Traditional Auction, it will be subject to the terms and conditions of that auction. Be sure to read the terms and conditions of each individual auction.
Reserve - The Reserve price is the absolute minimum dollar amount the Seller will accept for an item. Buyers are notified after placing their bid if it is below the Reserve price.If a Buyer's maximum bid is greater than the Reserve price, the Reserve is automatically met and that user is the high bidder. The ability to set a Reserve price is only available to Traditional Auctions . Searching - There are two ways to seach for properties, Basic Search and Advanced Search. Basic Search - Accessible from both the Home Page and Browse.
Bid Increments
|
||||||||||||||||||||||||||
| General | Registration | My Account | Bidding | Selling |