If you are , you are selling and buying properties or you are an looking for good investment opportunities you may want to consider as a for finding what you need. With round the clock bidding and secure transactions available you be sure you are protected when .

Some will say that you should never a property you haven’t seen and if you do you whatever you get. That may be so but what if the property you is a great deal? If you do not it then you will miss out on that deal.

There are three main types of auctions, absolute, , and reserve. means just that, there is a price set by the seller and bids must start at that price and the seller will not accept any bid than that set price. Setting a for the property being sold ensures that the seller will not to consider a below- bid and helps the buyer by them money they need to join on the bidding for that particular property.

The popular type of is the same as an auction you might come across offline, the . An is the type of auction where the highest bidder is sold the property. This is the type of auction where the seller does not care if they profit from the sale of the property, they just need to be out from underneath it for whatever reason.

The reserve type auction be the confusing of all the types outlined . , a reserve auction is the traditional by your property with a or doing for sale by owner. A is set by the seller but the seller does not reveal what it is. Bids are subject to acceptance or rejection based on what that set price, or reserve price, is. do not to place bids on this type of property auction because their offers are subject to confirmation and even if they place the highest bid they may lose out on the property.

When dealing with online auction be careful to understand what is binding and what is non-binding. A binding contract is one that you may back out of if necessary but will place you in danger of being black-balled in the online auction community if you fail to through with the deal. Some encourage feedback regarding that taken place and you could receive a reputation for conduct on the auction . So act in good faith and always through with deal you enter .

Non-binding contracts mean that if situations are disclosed from the buyer to the seller or the seller to the buyer then the sale of the property be voided without any consequences regarding the .