·
How do I register on Bid4Assets?
o In order to
participate in any Bid4Assets auctions, you must first sign up on our site. You only need to register one time on Bid4Assets
o Check your
email inbox for the Bid4Assets
Registration Confirmation message and click “activate your account”
or paste the link into your browser. This will direct you to the Bid4Assets homepage
o Finally,
sign
in to your account to begin bidding on property
o Still having
trouble with registration? Check out our video tutorial on How to
Register on Bid4Assets
·
How do I place a bid on an auction?
o Once you’ve
registered, login to your
account
and navigate to an auction page
o Enter your desired
bid amount in the yellow box titled Place
Your Bid and click “Bid on this item”
o Confirm that
you have reviewed the asset details and
agree to our Terms
of Service and
non-performing bidder policy
o Finally,
enter your credit card information, your Bid4Assets password and click “Bid Now”
to submit your bid
o County Tax Sales and Department of the Treasury
auctions may
require a deposit to be submitted prior to bidding
·
How do I submit a deposit to bid on a Government Auction?
o Login to your account, navigate to the auction page, and click on “Click Here for Deposit
Instructions”
o Follow the
step by step instructions which include choosing your preferred deposit method
(Certified Check/Money Order or Wire Transfer), reading the County Tax Sale Terms
of Service document, and entering your social security number
o Next, continue
to the deposit page to display wire transfer or certified check/money order
mailing instructions
o Follow these steps, submit your deposit through your financial institution and refer
to My Bid
Deposits
in your Bid4Assets "My Account" page for updates
·
How can I become a seller on Bid4Assets?
o To list an
auction on Bid4Assets, you must be a registered user (See FAQ #1 for registration
instructions)
o Login to your
Bid4Assets account and click “Sell” in the top navigation bar
o First time
sellers must complete the prompted identity verification process. You may also complete
and return this form to IDverify@bid4assets.com
o To create an
auction, choose the “E-Z Lister” tool and fill in the relevant fields to
complete your listing
o Prior to
releasing your auction, you may be required to submit proof of ownership
documents to our Customer Service team
§ In order to
expedite the process, you may fax a copy of your proof to (301) 650-9194.
Please include a cover letter referencing the auction ID(s)
·
Does Bid4Assets offer insurance to protect buyers’ payment?
o We do not
offer any type of buyers insurance, but encourage users to perform property
research and due diligence prior to bidding
o All
Bid4Assets sellers have passed an identity verification test, and may be
required to provide proof of ownership documents prior to listing
·
When will my bid deposit be refunded?
o Refund
processing begins automatically at the close of the auction
o In accordance
with our Terms of Service, refund
checks will be mailed within 10 business days of the auction close
o You will
receive a notification email when your refund
check has been mailed
·
Can I really buy a house for $1 on Bid4Assets?
o Auctions
listed in our $1
No Reserve Homes category may have a final bid price of $1, but could carry
additional buyer fees which are stated by the seller and vary by auction
o Pay close
attention to the seller's terms, closing costs and Buyer's Premium included in
each auction to determine a final auction purchase price
o Please be
advised that some of these properties may carry liens, encumbrances or back taxes.
Perform adequate due diligence prior to bidding
·
How long has Bid4Assets been in business and where is the company located?
o Bid4Assets
has been a trusted online auction venue for 13 years. The company was founded
in 1999
o Our offices
are located in Silver Spring, MD, a suburb of Washington, D.C.
·
Can I bid on Bid4Assets without using a credit card?
o In order to
place a bid on non-government auctions, buyers must have a credit card on file.
This minimizes non-performing bidders
o Credit cards
will only be charged if a bidder does not perform after winning an auction
($250 NPB fee)
o Government
auctions require bid deposits to be submitted prior to bidding, but do not require users to provide credit card information
·
Can Bid4Assets place a bid for me?
o Bid4Assets is
unable to manually place bids for customers over the phone or by email
o Registered users
who do not have access to the Bid4Assets website but are interested in
participating in a County Tax Sale auction may use the offline bidding form
found online or request one by sending an email to Service@bid4assets.com. Please note
that this service is only available for County Tax Sale auctions
