Navigating Auction.com: Updates to Bidding with Bid Deposit Agreements

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!