Hibid Auctions Kentucky (2024)

FAQs

How do I make sure I win an auction? ›

Winning strategies for successful auction bidding include setting a budget, doing thorough research on the items or services, and attending preview events. Assess the value and condition of the items, have a clear bidding strategy, and be patient. Wait until the last moment to bid to avoid unnecessary competition.

If you win an auction, the item should appear in your Purchase History as awaiting payment. If not, it should appear on your Bids & Offers page under "Didn't win". If you add an item you are interested in bidding on to your Watch List, that makes it easier to find the item again no matter what happens to it.

hibid.com Web Traffic Statistics

In March hibid.com received 16.12M visits with the average session duration 22:57. Compared to February traffic to hibid.com has increased by 39.13%.

When a bidder first creates a HiBid account, they automatically have a score of zero. Bidders are rewarded with positive points for bidding in auctions, paying on time, picking up their lots, and so forth; they are downgraded with negative points for doing the opposite.

Go hard, go early, or become a silent assassin. Both Landrey and Dixon say there are two main strategies: go big, go early and psych out the rest of the competition, or bide your time and wait until the bids are slowing to strike. Dixon describes this as the “silent assassin” approach.

If you bid several days before the end of the auction that gives other bidders all the remaining time to find the listing and bid one or more times against your current showing bid. If you bid in the last seconds of the auction, it's much less likely that other bidders will be able to bid after you.

You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

You have to pay the full amount on the spot in cash or with a check (or multiple checks). Any amount you tender over the winning bid amount is returned in a refund check along with the deed approximately ten days following the trustee sale.

In the end, it is up to the Organization running the auction to decide whether to honor the request. If the winning bidder would like to back out after the close of the auction, you can offer the item to the next highest bidder, or close the item as Not Sold.

Which auction website is best? ›

In the placing of any bid the bidder understands and agrees that the bid, once accepted by Affordable Creations, will be the winning bid if there is no higher bid by another bidder and if any reserve or reduced reserve on the lot is exceeded by the bid. All bids are binding, irrevocable and non-cancelable by bidder.

A bid should show how you will provide value

If your bid isn't showing the client how your company will add value, then it's not a good bid. Merely describing your company's capabilities isn't necessarily going to win you the job. Put teeth into your proposal by describing what results the client can expect.

A maximum bid value is usually set at a much lower level than the actual value of the lot. In a lowest unique bid auction, the bid that is the lowest and unmatched when the auction closes is the winning bid.

The myth is out there that the lowest bid wins the contract. The truth, however, is that all decision-makers would like to award every contract to the lowest bid but often do not or cannot. As Bid Builders and Bid Managers, we have come to understand both sides of the procurement process.

One way to improve your odds of winning an auction is to set a high, competitive bid. But don't worry, even if you set a high starting bid, you often end up paying a lower cost per result once your campaign runs.

Don't wait until the last second to bid: Timing is the most important part of winning an auction. Many people place a last-second online auction bid, and while this can be a good strategy, there is a greater risk of running out of time to place the bid.

Underbidding initially and then making an aggressive offer later can increase your chances of winning. Keep an eye on items that were just listed and have not yet received bids; this presents an opportunity to be an early bidder and set the tone for the auction.