FAQs
Live Auctions
What is a live auction?
Many times the listed properties will be offered at a live auction taking place on a specific date. You may participate online or in person. New bids will be added to the web site in order to maintain a current maximum bid price.
In most cases this is not a problem. If this is a property you really want it is suggested that someone appear in person at any live auctions to avoid losing out.
Many times the listed properties will be offered at a live auction taking place on a specific date. You may participate online or in person. New bids will be added to the web site in order to maintain a current maximum bid price.
Due to the fact that this information must be sent via phone to be updated online, there are unavoidable delays between the placement of a live bid and it's appearance on line.
The most recent live bid will always take priority over bids that are made online due to this delay.
In a live bid situation, when there is a heated contest over a property the auctioneer may not be made aware of online bids as fast as necessary.
In most cases this is not a problem. If this is a property you really want it is suggested that someone appear in person at any live auctions to avoid losing out.