Hibid Auctions Kentucky (2024)

FAQs

Why is bid pending on HiBid? ›

PENDING BID If your bid is showing it is Pending, then Item "1" or Item "2" above have not been completed or your bidding amount is not set high enough to allow your bid to be accepted.

If it says "MAY HAVE WON" its means "YOU WON" | Live and Online Auctions on HiBid.com.

All we can do in this regard is to urge you to place your bids early.” “There are inherent risks in sniping. If you wait too long to bid, the auction could close before your bid is processed. If your maximum doesn't beat the current high bidder, you won't have a second chance to up the ante.

How Long Does it take a Bid to get Accepted? Some bids take longer than others to complete. For example, construction bidding can depend on permits, weather, and real estate. It can take days, weeks, or even months.

By understanding your target audience and competitors, optimizing your bids, using ad scheduling, and testing and optimizing your ads, you can increase your chances of winning auctions and achieving your advertising goals.

In this case the winner is the first person who made the lowest bid of the two lowest bids. So get in early or you might lose a winning opportunity. Make multiple bids to outrun other bidders. This is one of the essential strategies in the lowest bid auction.

You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

Don't wait until the last second to bid: Timing is the most important part of winning an auction. Many people place a last-second online auction bid, and while this can be a good strategy, there is a greater risk of running out of time to place the bid.

Can you back out after winning an auction? ›

You cannot change your mind after winning a property auction without consequences. When the hammer falls in an unconditional auction, it represents an exchange of a binding contract between the seller and the buyer.

As of 2022, eBay has rolled out a new rule that states all unpaid items must be settled within four days from the time that the buyer has finalized the order or has won the auction. Therefore, a buyer must pay for the sold items within that period.

If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder.

When a bidder first creates a HiBid account, they automatically have a score of zero. Bidders are rewarded with positive points for bidding in auctions, paying on time, picking up their lots, and so forth; they are downgraded with negative points for doing the opposite.

It means that the seller has accepted an offer, but they're still negotiating the terms of the agreement. The home is about to go off the market at this stage. Motivated buyers can take a final opportunity to submit a competing offer.

The HiBid platform supports three different types of bidding: Webcast Live Bidding – allows internet bidders to bid live against floor bidders. Internet-Only Bidding – for auctions conducted completely online. Internet Absentee Bidding – used for pre-bidding prior to a live, in-person auction.

If you see “Bid Pending Confirmation” BEFORE the property's scheduled auction time, it was sold as a “Make an Offer Now” property. If you see “Bid Pending Confirmation” AFTER the property's auction time, the property was sold in the auction.

This process occurs in less than a second. On Authorized Buyers, you can use RTB to evaluate and bid on each available impression. This is available for any Authorized Buyer with an ad server or bid engine. No additional contract is required, but Terms of Use are referenced in your Authorized Buyers contract.