Hibid Indiana Auctions (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.

It is the responsibility of the buyer, not the auction company, to ensure that sales tax paperwork is complete, up to date, and on file, -BID RETRACTION: Bids cannot be retracted once the auction begins.

When you place the winning bid, you meet with the auctioneer to provide your contact information, how you want the property to vest (for example as an individual, a partnership, an LLC or a trust) and pay up. The auctioneer has the name of the trustee, to whom you sign over your cashier's checks.

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.

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.

The rule ensures fair competition by allowing all participants a chance to counter bids, leading to a more accurate reflection of the item's value. It's an automatic extension of the auction for an additional 3 minutes, each time a bid is made in the last 3 minutes of active bidding.

What happens if I bid with 10 mins or less to go ? Any bids placed inside the final 10 minutes of a lot will reset the clock to 10 minutes, effectively delaying the end time for that lot.

If you log into your account and see "You May Have Won" this actually means YOU WON. If you see "Outbid" this means you lost. This is how our system works so please understand that "YOU MAY HAVE WON" means you indeed won.

Can you back out after winning a bid? ›

If the winning bidder would like to back out after the close of the auction, you can offer the item to the next highest bidder, or close the item as Not Sold.

If the auction has finished, you can contact the winner and, if they agree, you can cancel the transaction. You can only end auction listings with bids one at a time by selecting a valid reason.

By bidding on an item, you obligate yourself to pay for the item if you win it, even if you decide you no longer want it. Only bid on items you are serious about purchasing.

Buyers must pay for the items they purchase on eBay within 4 calendar days. If the buyer doesn't pay within this timeframe, the seller can cancel the order and an unpaid cancellation will be recorded on the buyer's account.

If you win an auction, the item should appear in your Purchase History as awaiting payment. If not, it should appear on your Bids & Offers page under "Didn't win". If you add an item you are interested in bidding on to your Watch List, that makes it easier to find the item again no matter what happens to it.

In the real estate world, pending means a property offer has been accepted and the contingencies met, but the sale hasn't been finalized yet. Whether you're buying or selling a house, it's worth learning what pending really means, how long a home could be pending and how a pending sale could fall through. Key takeaways.

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.

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.

Real-time bidding is a type of programmatic selling and buying. The once days-long transactional process of bidding on advertising inventory is compressed into the span of 100 milliseconds (about 200 milliseconds faster than the blink of an eye) through RTB.