- How To Register And Create Your Hibid.com Bidding Account: Watch this 3 minute video that shows how to create your bidding profile. Click here: https://youtu.be/IUuCzrp8O8M
- Before You Bid: Pay close attention to the auction terms and conditions. When you bid you are agreeing to abide by the terms of the auction, which is a legally binding contract.
- Bidding Process: Bidders can register and bid anytime between the auction start and close dates. At the closing time, items will begin closing out at the rate of 1 lot per minute. Any bidding activity in the last minute of a lot will increase the bid time by 2 more minutes. It will not increase the bid time for other lots.
- Who Should Bid? The person who wants to own the property should register and bid. No other party is authorized to bid for you unless you put it in writing and submit that document Bontrager Real Estate & Auction Service prior to bidding.
- Real Estate Brokers who want to be compensated must notify Bontrager Real Estate & Auction Service that they are working with a specific bidder prior to the bidder registering and bidding in the auction. Brokers are expected to provide fiduciary duties in guiding their clients through the auction process, and attending any open houses or showings with their client. Brokers are welcome to schedule showings.
- To Bid: Click the “Bid” button or the plus sign (+) found next to the item you want to bid on. A screen will pop up that shows the next increment you must bid in order to be entered in the bidding.
- Max Bid: You can leave a “max bid” on any lot, meaning that the computer will bid for you up to the maximum amount you entered. You may win the item for less than your maximum if other bidders stop bidding at an amount less than your maximum. If someone else has left a larger Max Bid, it is possible to be outbid immediately.
- What Does “Buying As Is” Mean? Buyer accepts the property in as-is condition with no expectation that the seller will provide any additional repairs, work, compensation, or exchanges.
- Refresh Your Screen: Refresh your screens as often as possible to try to eliminate any internet or hardware delays when the auction closes.
- Fees Added To Your Bid: We add 10% buyer’s premium to the final bid, resulting in the purchase price.
- Nonrefundable Deposit Payment: If your bid is successful at the close of the auction, you will be emailed a statement with the balance due. Todd Jantzi, Bontrager Real Estate & Auction Service’s broker, will contact the successful bidder to arrange a mutually convenient time to sign contracts and collect the deposit within 24 hours of the close of the auction. There is a $20,000 deposit due on this property, payable in cash or certified funds. Personal checks are not accepted. The deposit is nonrefundable. The closing will take place approximately 45 days from the close of the auction and is not contingent on the buyer’s ability to obtain funding. Inability to pay the deposit or close on the property for any reason within the prescribed time frames will result in automatic forfeiture of the deposit, the property and any future claims or rights to the property without negotiation.
- How You Will Know If You Won: We will send you an email with your statement. It may take up to one hour after the auction has closed to receive your email. Check your spam folder before calling us at 585-343-4529 if you cannot find it.
- How To Get More Information: If you have questions you can contact Todd Jantzi (Real Estate Broker/Auctioneer) at Bontrager Real Estate & Auction Service at [email protected] or 585-343-4529.
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