What is an Auto Bid?
Auto Bid is the maximum bid you’re willing to bid on the auction. Bid4Homes will automatically increase your bid to maintain your high bid position or to meet the reserve price. Our system defaults to Auto Bid. To choose a Flat Bid option, click on the radio button next to Flat Bid. Examples of Auto Bid: A) If the auction has a minimum bid of $2000 and you enter your maximum bid amount of $4000, your bid will automatically be placed at $2000. Your bid will automatically increase as other bidders participate, up to your $4000 maximum bid amount. B) If the auction has a Reserve Price of $20,000 (this amount is hidden from bidders) and you enter an Auto Bid amount of $18,000, your bid will automatically be placed at $18,000. The Reserve Price has not been met so there will be no winning bidder unless additional bids are placed. C) If the auction has a Reserve Price of $20,000 (this amount is hidden from bidders) and you enter an Auto Bid maximum of $21,000, your bid will automatically be
