If you’ve explored Auction.com before, you may remember the previous limit on simultaneous bids—typically three or four, depending on your profile. Now, Auction.com has shifted to a Bid Deposit Agreement system. Here’s how it works:
Bid Deposit: Pay a $1,000 refundable deposit to activate unlimited bidding privileges. Refund Policy: The deposit is returned after closing a property or ending bids without a purchase. Purpose: This change discourages casual bidding, ensuring participants are serious about purchases. For more details, check out the FAQ section at Auction.com. Happy real estate auction bidding!
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