How to Bid Online at a Multi-Parcel Real Estate Auction

Introduction

Participating in a multi-parcel real estate auction online has never been easier. At SHERIDANS, we combine traditional auction expertise with modern online bidding technology to provide buyers with a seamless and competitive auction experience.

If you are preparing to bid in an upcoming auction, here is a simple overview of the process.

Finding the Auction Information

Start by visiting the SHERIDANS homepage and navigating to the "Real Estate Auctions" tab. From there, select the auction that interests you.

Each auction page contains valuable information including:

Property descriptions
Photographs
Terms and conditions
Bidder packets
Maps
Other important documents

Registering for Online Bidding

When you are ready to participate, click the "Register" or "Bid Online" button to access the online bidding platform. If you do not already have an account, you will first need to create one.

After logging in, click the "Register" button for the specific auction. Our team will then contact you within approximately 24 hours to verify your identity using your driver's license and birthdate information. Once approved, you will receive a confirmation email.

In some cases, you may need to click the registration button again to accept the auction terms before gaining access to the live bidding features.

Understanding Multi-Parcel Bidding

One of the advantages of a multi-parcel auction is the flexibility it provides bidders. Buyers can bid on one tract or a combination of tracts.

Utilizing the online platform, buyers may place bids in several ways, including:

Clicking directly on the tract map
Selecting tracts using checkboxes
Typing tract numbers into the bidding dialogue box

Once your tract selection is made, you can either request the next available bid increment or manually enter your own bid amount.

What Does "Pending Bids" Mean?

During simulcast auctions, it is not uncommon to see a "Pending Bids" notification after placing a bid. This simply means the auctioneer is coordinating bids between both the live audience and online bidders.

The auctioneer ultimately determines which bid is recognized if competing bids occur simultaneously.

Learn More About Multi-Parcel Auctions

If you are unfamiliar with multi-parcel auctions, we also encourage you to read our blog post discussing "What Is a Multi-Parcel Auction and How Does It Work?" to better understand how the process works and why this auction method can benefit both buyers and sellers.

Conclusion

At SHERIDANS, our goal is to make the auction process transparent, accessible, and easy to navigate for every bidder.

How to Bid Online at a Multi-Parcel Real Estate Auction | SHERIDANS Auction Tutorial

By The SHERIDAN Team