Our online bidding platform allows the public; potential buyers, vendors & agents to maximize the value of a property by encouraging buyers from anywhere in the world to compete in a comfortable and secure environment.
Once registered, uploading a property is simple and can be completed in 5-10 minutes. If you have access to a professional full time auctioneer, you can choose any agent/broker and then AuctionsCanada will provide a highly experienced auctioneer for you. We are here to help and our team are on call if you need it.
The actual auction commences after the normal marketing campaign comes to an end and is typically 5 days long, but can range anywhere from 1 to 15 days. Other critical auction information such as the reserve price, bid increments and starting bid can all be decided and specified later.
As prospective buyers view the property, the agent encourages them to pre-register for the auction even if they are unsure they will bid. All bidders must prove their identity with the agents using an institutional form of photo identification which shows current residential address (e.g. typically a current driver’s licence).
Before the auction commences we will set the reserve price under your instruction plus other auction parameters such as the starting bid and minimum bid increments. This is the time for the agents to call all registered bidders and ensure they have completed registration and are ready to go.
Once the auction is "in session" bidding can commence. They can login to the website via their computer or mobile device to securely bid. They are notified in real-time if they are outbid, when there is 1 hour left and if reserve bid is met. Agents can see everything via their dashboard. With the time an auction typically runs (1-15 days), everyone has time to consider their options and agents have time to encourage bidders to participate.
AuctionsCanada allows the bidder, the seller and the agent time & space to make decisions. It allows all parties to see the competition and gives the bidder the flexibility to review the reserve or cast the “vendor bid.”
Once the virtual hammer falls at a price you are happy with, your selling agent will finalize the transaction by exchanging contracts offline. Bidders ARE NOT required to pay for the property, or any part of it, via our auction platform.
If the reserve has not been reached and the property passes in, the highest bidder will immediately be shown the reserve price. As the top bidder, they will receive the exclusive right to negotiate an outcome for 60 minutes. The agent will facilitate this process between vendor and bidder.
HARROW | TECUMSEH | WINDSOR | ON, CAN
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