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A: The usual sequence is as follows:
 Buyer gets signed up and verified (POF and Confidentiality Agreement).
Buyer get tape for review to make offer.
Buyer makes offer on tape.
If seller accepts offer, then buyer executes contract and puts funds into escrow to fulfill its obligations and closes the deal.
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A: The usual sequence is as follows:
Seller's and Buyer's both get signed up and verified.
Seller's input auctions.
Buyers bid on open auctions before they close.
The highest bidder wins at close of auction.
Winning bidder executes contract and places 10% plus our service fee into escrow.
Winning bidder does their due diligence.
Winning bidder finalizes contract and fulfills its obligations.
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A: The usual sequence is as follows:
You must determine if you're a seller or a buyer.
Appropriately sign up as either a seller or a buyer.
Verify your email address.
We will contact you about your situation.
If you're approved, we will then activate your account so you can post auctions or bids.
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A: First read the Seller information page Seller's Information
then Seller's Signup Here.
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A: First read the Buyer information page Buyer's Information
then Buyer's Signup Here.
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A: No, this is strictly anonymous auction bidding.
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A: No, we do not charge a commission. A transaction fee will be added to the buyer's
winning bid for providing a platform to engage in an online auction facility.
We do not advise on sales, due diligence, or the escrow process.
We only provide a virtual office environment for sellers and buyers to transact
their business in a professional online manner.
Hence, we only charge a transaction service fee.
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A: If a new bid is entered within the final 10 minutes of the original closing time,
the auction will be extended by 10 minutes. Then if a another bid is placed before the extended
10 minutes elapses, the auction will be extended again for another 10 minutes and so on....
Example: An auction is scheduled to close at 9:00 PM EST and a bidder enters a bid at
8:58 PM EST. The auction will be automatically extended by 10 minutes. The auction will
now have a close time of 9:10 PM EST. Another member then places a bid at 9:03 PM EST.
The auction will now have a close time of 9:20 PM EST. The listing will continue to be
extended until there are no new bids placed within the final 10 minutes of the auction.
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