148: TMG Real Estate Auction - Single Family Home -Town of Vienna, VA 22180
This property is being sold non-contingent. The bidding platform is being used to determine the best offer, to which 5% will be added to determine the Total Sales Price. At the conclusion of the bidding, the Seller will accept/reject the highest offer. If accepted, the Purchaser will complete an NVAR Residential Sales Contract with Addendum (both provided in "Documents" tab of Lot 1) and certified funds in the amount of $15,000 will be deposited in escrow to the Title Company of the buyers choice on the day of contract ratification, Monday, August 29 by 5pm Eastern Time. The remainder of the 10% of the Total Sales Price is to be escrowed to same by 5pm Eastern Time, September 1. The full deposit is at risk should the Purchaser fail to close.............As a licensed Realtor, I will present any and all written offers to the Seller when received. This means that there is a possibility that the auction could be cancelled prior to the scheduled end.
If a bid is placed within two minutes of the 11am ET scheduled ending time, the clock will reset at 2 minutes and begin counting down from there. This can happen multiple times, so refresh your screen as necessary.
A max bid would make it more difficult for others to outbid you.
A max bid is the highest amount you are willing to pay for an auction item.
In response to other bids, the auction system will automatically increase your bid in the smallest increment possible (up to your max bid amount) in order to maintain your lead position.
To get a max bid you simply enter the maximum amount you are willing to pay into the bid form just as you would any other bid. If your bid is more than one bidding increment above the current high bid you will get a max bid unless another bidder has a max bid in place that is higher than the amount you enter.
At the end of the auction, the winning bidder pays only the lowest winning bid possible. That means that you can win an auction item at a price less than your max bid amount.
Your max bid amount is kept confidential from other bidders.
You can lower or delete a max bid by entering a lower amount.
Note: After watching hundreds of auctions and talking to thousands of bidders, we think using max bids in your bidding strategy works best for most people. It eliminates some of the pressure and reduces the risk of "sniping", where other bidders slip in slightly higher bids in the last seconds of bidding.
You now have a max bid.
You can raise or lower your max bid at any time by entering a new amount.
If you wish to remove your max bid you can do so by entering an amount equal to the current bid into the bid form.
You can adjust this max bid by using the form above.
If you want to remove your max bid click here.
You can enter the minimum bid of %s or a greater amount.
If you bid more than the minimum bid you will get a max bid that the system will use to bid for you against other bidders, up to the amount you enter. So if you enter a bid of %s for this item, the system will place bids on your behalf in response to bids from other users until someone bids more than %s.
| Low | High | Increment |
|---|---|---|
| $0.01 | $10.00 | $1.00 |
| $10.01 | $25.00 | $2.00 |
| $25.01 | $100.00 | $5.00 |
| $100.01 | $500.00 | $10.00 |
| $500.01 | $1,000.00 | $25.00 |
| $1,000.01 | $5,000.00 | $50.00 |
| $5,000.01 | $10,000.00 | $100.00 |
| $10,000.01 | $25,000.00 | $250.00 |
| $25,000.01 | $50,000.00 | $500.00 |
| $50,000.01 | $100,000.00 | $1,000.00 |
| $100,000.01 | $250,000.00 | $2,500.00 |
| $250,000.01 | $500,000.00 | $5,000.00 |
| $500,000.01 | $1,000,000.00 | $10,000.00 |
| $1,000,000.01 | $2,000,000.00 | $20,000.00 |
| $2,000,000.01 | $99,999,999.00 | $50,000.00 |
Page last refreshed Thu, Nov 21, 1:20am ET.