How Auction Works
Buying with Auction Ohio
Browse our website — all active auctions are listed with photos, descriptions, open house times, auction info, terms and even all important documents for your review.
Each listing clearly explains deposits, buyer’s premiums and closing requirements for that specific property.
Attend scheduled open houses or property previews, IF you want to move forward with bidding and you will need funding confirm with your lender that the property is able to be financed. *Remember, the sale is not contingent upon financing so be ready to close with cash if necessary.*
Click “Register to Bid” on the property’s page, create an account, and agree to the auction terms. *TIP: make sure to verify your account through the email sent to you.*
Go to the auction you would like to bid on, Click “Login” – click “Quick Bid” or “Set Max Bid” – agree to the auction terms and conditions – start placing bids!
You can bid anytime during the auction period. The highest bid when the timer ends is the winner.
Congratulations! The auctioneer will send you a purchase agreement as well as additional documents to sign electronically. You pay the earnest money deposit right away.
Once the deal closes and title transfers, you get possession per the terms of the contract.
Selling with Auction Ohio
We review your property, goals, and timeline to recommend the ideal auction strategy. Our industry leading Auctioneers know how to get results—reach out today to see if selling at auction is the right fit for you.
We handle every detail of your property’s presentation—from collecting key information and capturing professional photos to crafting a targeted marketing strategy, coordinating open houses or private previews, all while ensuring your property is marketed and closed on your fixed timeline.
We showcase your property to thousands of registered bidders nationwide using a comprehensive marketing approach—including strategic online promotion, targeted advertising, direct mail, social media campaigns, multiple auction platforms, and more—ensuring maximum exposure and attracting serious, qualified buyers.
Bidding remains open online for a set number of days. During this time, we closely monitor activity, keep you informed every step of the way, and continue actively marketing your property until the final bid is placed.
When the auction ends, the highest bidder signs the contract and pays the deposit. Closing takes place according to the terms set at the start, and you receive your funds once the sale is closed and funded.
A Few Terms You'll Hear
The seller sets a minimum price (reserve) they are willing to accept for the property.
A percentage added to the winning bid. Example: If the premium is 10% and the final bid is $100,000, the total purchase price is $110,000 before closing costs.
The required amount each new bid must increase by. Example: Bids may increase in $25, $50, $100, $250, or $500 increments, depending on the current bid amount.
If a bid is placed within the last 5 minutes of the countdown, the clock automatically extends by 5 minutes. This continues until no further bids are placed, preventing last-second “sniping.”
The auction takes place entirely online (most of our auctions).
An in-person auction run by an auctioneer that is also broadcast online, allowing bidders to participate either in person or virtually.
The property sells to the highest bidder, regardless of price. Bidding starts at $1.