Randy Kincaid
(800) 970 1977

This page is designed to help you understand how the internet bidding process works.

Experience the convenience of bidding & buying real estate from your computer!

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Placing your bids on KincaidAuction.com is simple. You will need a customer account to place bids. If you are new to KincaidAuction.com, register for a customer account. If you are a returning customer, you can retrieve your account information.

All property, unless stated otherwise, are sold as is, where is“. Inspection prior to bidding is highly recommended.

1. Enter current and maximum bids

Bids can be placed anywhere you see the Your Bid and Your Maximum fields. Enter your current bid in the Your Bid field and enter your maximum bid, if any, in the Your Maximum field. Enter your customer number and password at the bottom of the page, and click the Submit Bids button.

     

  • Learn more about maximum bids.
  • See the valid bidding increments scale.
  • Bids greater than $50,000 may be subject to additional qualification.
  • A 10% buyer’s premium, will be added to all winning bids to arrive at the total contract sales price. This premium helps the seller offset his auction marketing and closing expenses
  • Successful winning bidders will be required to execute a contract for sale and purchase and wire the specifiec binder deposit to the designated closing agent as provided in the property description.

2. Confirm bids and auction terms

If this is the first bid you have placed in the auction, you will be asked to agree to auction specific terms. Once you have agreed to the terms, you will be asked to confirm your bids. Then click Submit Bids.

  • Once your bids are placed they cannot be retracted, please review your bids carefully!
  • Bidding on real estate is a very serious business. When you bid, you are making a legal binding contract. Exercise caution when entering your bids, and know for sure you can meet the terms of sale. Failure to follow through with your contract, damages the seller, the broker, and the person that was outbid thus subjecting you to legal action from any or all of the aggrieved parties.
  • Unless stated differently in the auction terms listed in the property description, the balance of the purchase price will be due at closing within thirty days. The seller will pay for the deed, doc stamps on the deed, and title insurance. The buyer will be responsible for the recording fee (approx. $30) and $250 closing agents fee. Note* if financing involved, the buyer will be responsible for any necessary repairs, surveys, inspections, and loan expenses required by his lender. Always remember that there is no contingency for financing approval. You must make your financing arrangements prior to bidding.

3. Bids entered

Once you have confirmed your bid, you will be returned to the page you were bidding from. The item number(s), bid amount(s), bid status and bid notes will be displayed at the top of the page. The bid notes will indicate if you are the lead bidder or not.

4. Bidder tools

To review your bids, log in to your customer portal and click “Bidding”. All auctions that you have bidding activity in will be displayed. Select an auction to see the individual bids in that auction.

If you are outbid prior to auction close an email alert will be sent.

5. Auction schedule

Auction bidding starts to close at the time and frequency detailed in the auction's terms and conditions. Most of our auctions are scheduled to start to close at 3 p.m. Eastern, at a frequency of one property per minute. All auctions feature our automatic extension system.

If a bid is placed on an item within the extension time, the bidding time is extended. Most of our auctions use an extension time period of five minutes. Items will remain open until no other bids are placed within the extended time.

Need Help? Contact a Kincaid representative today.

Email us or call toll free (800) 970 1977