Before you can begin participating in Bid4Assets’ auctions you must create an account. This is required for all auctions on the platform. Registration is free and there are no monthly fees required to maintain your account. To register for a Bid4Assets account click here.
Once you’ve created an account, there are several ways to search for general property lists or find a specific auction you are already interested in.
Looking for $1 No Reserve Land? Bank-Owned Properties? County Tax Sales? Tell us what you are interested in using the search bar at the top of all site pages and we will direct you to a relevant list of value properties.
You can view the amount of properties available in a specific state, at any time, from the Bid4Assets homepage. Just highlight the state you are interested in and select it to view a full list.
If you are looking for a specific property and you know its Auction ID number, you can enter that number into the top search bar at any time to go directly to that auction’s page.
If you do not have the Auction ID# for the property you are interested in, utilize the Advanced Search tool to search your property by state and zip code.
Finally, you can add an auction to your Watch List from that auction’s bidding page. By doing this, you will be able to access that auction and view its status at any time directly from your account’s main page.
Once you’ve created your account and found your auctions it is time to start bidding! Bid4Assets requires all users to provide a valid credit card prior to placing their first bid. A $1 authorization charge will be placed on the card which will fall off once it is confirmed to be valid. The only other time your card will be charged is in the event you win an auction but do not follow-through with the payment.
Bid4Assets utilizes an auto bid system, meaning you can enter the maximum amount you’d be willing to pay for an item and the site will automatically continue bidding up to that amount on your behalf. You can also manually bid up by an auction’s increments if that is your preference.
To view a full guide to bidding complete with frequently asked questions, click here
Most government-based auctions hosted on Bid4Assets require submission of a BidDeposit to participate. The following methods are currently accepted for submitting BidDeposit to Bid4Assets.
You can view instructions for submitting a BidDeposit from any auction where a deposit is required. For a guide on submitting your BidDeposit click here
If you are high bidder at the end of an auction, what happens next will vary depending on whether you are participating in a government auction or a private auction.
When you win a government auction, Bid4Assets will send you a notification via email and via alert in your account’s message center notifying you that you are the winning bidder. Once you receive this notification, you will be able to access the DeedWizard tool located on your account.
DeedWizard™ will allow you to do two things:
Payment for government auctions is typically due two to three pays after the auction’s closing.
Just like with government auctions, you will receive a notification after winning a private auction via email and message center alert shortly after it closes. Unlike a government auction however, payment and settlement will be handled with the seller directly and without the involvement of Bid4Assets.
The email notifying you that you have won the auction will contain contact information for that auction’s seller, including their name, email address and phone number. As the winning bidder, you must contact the seller within 2 business days after the close of the auction to arrange settlement.
For a full guide to Bid4Assets tax sales click here.
For frequently asked questions regarding settlement click here.
All Bid4Assets bids are treated as legally binding agreements. If, after winning an auction, you do not submit payment in the time allotted by that auction’s terms or you alert its seller you do not intend to submit payment, your account will be marked as non-performing.
If this happens, the credit card you have placed on file will be charged a non-performance fee ($250 for real estate auctions/$100 for all other auctions) and be suspended for a minimum of 60 days.
To enhance the integrity of jewelry, coin and artwork sales on Bid4Assets, we maintain special policies for these sales. These policies are (a) a policy regarding appraisals, grading cards and certificates of authenticity that accompany jewelry, coin and artwork assets posted on the Web site and (b) a jewelry, coin and artwork return policy. Both the Jewelry, Coin and Artwork Appraisal, Grading and Certification Policy and the Jewelry, Coin and Artwork Return and Refund Policy will be automatically posted on all assets within the three categories listed on the site.