CLICK on the type of property you are looking for under the Bid Now banner.
LOCATE "Bidder Tools" from the left menu, next to the "search" box
CLICK "New Bidder"
Once you create your unique user name and password, you will be able to view and bid an offer on all auctions currently online. In addition, you have the option to get notified when your bid placed, and the option to be notified if you are outbid during an auction.
Each property is a separate auction and will last 21 days. If you would like assistance or have a question please fill out our generated form on the Contact Us page or call us toll free at 877-391-2212.
Please keep in mind when bidding on any property, you are bidding an offer of what you believe the property is worth, based on the description, pictures, and any research you conduct on that individual property or lot.
HAPPY BIDDING!
On Site Auctions
Who can come to the auction? The auction is open to the public at no charge.
What do I do if I want to buy something? You will need to register in order to bid. Proper identification (driver’s license or other photo ID) will be required and you may be required to verify that you have certified funds or cash in your possession. You will be given a bid card that you will raise for the auctioneer to see.
What do I do if I am the highest bidder? When the auctioneer says sold, hold your bid card up so that the sale can be properly recorded. When you have finished bidding, you will be required to pay the cashier and remove the item from the building by the close of that business day. By law, you are required to complete the transaction.
How do I pay for the item? Cash or cashier’s check is the only form of payment that is accepted. Full payment will be expected the day of the auction before the item can be released.
How do you bid on items in a liquidation sale? Items are placed in lots and numbered, beginning with 1 and continuing in order, through to the last item. When an item that you wish to bid on is announced, you may raise your hand with bid card or otherwise get the attention of the auctioneer. This can be in response to the auctioneer’s notice of what the next incremental bid could be or you may shout out your own offer provided it is in excess of the last acknowledged bid.
Can I inspect the items that will be auctioned? Absolutely. It is important to inspect any items you may bid upon. Your bid should be in proportion to the condition of the item. You are encouraged to inspect auction items two hours before the auction begins. Every item is sold “as-is, where-is.” Be aware that there are no warranties or returns. All sales are final.
What kind of deal can I get at an auction?
Auctions can save you money, but know what your top bid will be before you start. Determine what the item would cost you elsewhere, or even if you could find it somewhere else. The true value of anything is determined by what a willing buyer offers and a willing seller accepts. Most auctions are ‘absolute‘ which means that the items for sell will be sold to the highest bidder with no minimum required bid. Some auctions can condition the sale of one or more of their items to a minimum bid which could end in a no-sale should the minimum bid not be reached.
What is a buyer’s premium?
A buyer's premium is basically a charge levied by Castle Auction Group, which is paid by the buyer in addition to the hammer price. The buyer’s premium is kept by the Castle Auction Group. This means that you are paying an additional fee to Castle Auction Group for the privilege of having bought from them: it's like shopping at your local grocery store and being charged 30 cents for a can of baked beans, and then being charged an additional three cents for the pleasure of having shopped in their store.
Buying and selling at an auction - whether it be estate, real estate, or general merchandise - has been done for thousands of years and with good reason. Auctions provide a meeting of supply and demand in its truest form, at any defined point in time. They are extremely beneficial for buyers and sellers, as well as banks, special asset groups, asset recovery, and REO development.
Buyers at auction know the price paid for any given item is fair market value because of the transparency that an auction provides. They know the seller is committed to the sale with clearly defined terms and no negotiations. Buyers are able to inspect and preview any and all property and/or merchandise prior to the sale and have an equal chance to buy it through competitive bidding. Participating in a live online auction provides the buyer with the convenience of bidding from home or work.
Sellers also reap the benefits of the auction process. By selling at auction, clients are ensured a targeted and aggressive marketing campaign that increases visibility and peaks market interest. Auctions create competition amongst bidders and ensure the top price is realized. Bidders that are prepared to buy eliminates the back and forth negotiations and contingency sales. Sellers are provided a defined holding time, definite sale date, and a definite closing day. The timely sale of property reduces price decay and carrying costs such as insurance, taxes, and maintenance. A live online auction brings a whole new market of buyers to the sellers property.
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