Bidder Bidding Resources
What is autobidding?
The bidder can stipulate a price ceiling that automatically increases their bid whenever a new , higher bid is posted by another bidder. Using our autobidding feature allows u ...
What is the reserve price?
A reserve price is the lowest price in which a seller is willing to sell a property. If bidding doesn't reach the reserve price, the seller isn't obligated to sell.
Why can't you show the reserve price?
Generally speaking, the reserve price will not change, however there is the possibility that a seller may bring a reserve price down after an auction has begun. For that reaso ...
What is 'Buy It Now' on an auction?
In some auctions, the seller can allow bidders to end the auction early by agreeing to a predetermined purchase price. Should this be available, registered bidders can immedi ...
Can I bid before the auction opens?
We understand that some bidders may not have the availability to bid during the auction period, so the opportunity to place a pre-auction bid is a possibility. The only differ ...
Can I purchase an property early once an auction is live?
Once bidding is open for an auction, interested parties must participate in the bidding process for a chance to purchase the property. For many auction listings, the listing b ...
Will I know if my maximum bid has been outbid?
You will be notified by email if you are outbid at any time. It is advised that you pay close attention to your auctions as they come close to completion to ensure you don't m ...
What happens if someone outbids me right as the auction is about to end?
On The Block protects against this practice (commonly known as 'sniping'). Auctions are extended automatically by at least 5 minutes when any last minute bid is placed, allowi ...
Can On The Block reopen an auction if I want to make a higher bid?
No. Once an auction is closed, and the final bid exceeds any reserve price, no additional bids will be accepted. If an auction hasn't reached its reserve price, it is still no ...
What is a delinquent bidder?
This is a case where a registered bidder is deemed the winner of an auction however they do not complete the transaction in accordance with the bidder requirements. Delinquent ...
Are counter bids allowed?
No. In some jurisdictions, the auctioneer may counter bid on behalf of the seller before a price reaches the reserve price. On The Block will not engage in this practice, and ...
Can I bid on more than one auction simultaneously?
You may, however this is subject to your ability to acquire and produce the funds necessary to pay for the properties you purchase, including separate credit card authorizatio ...