Online Auction Process
Preparation
Prior to the auction date is the time for you to get questions answered, attend inspections of the property you are interested in, and determine what you can afford to spend. Plan to attend the scheduled inspection date to inspect any items on which you wish to bid.
Registration
Furrow Auction Company uses reputable and safe platforms for Online Auctions. If you plan to bid, get signed up in advance. Contact information is required to create an account. This information helps to validate a bidder’s identity to ensure Marketplace safety. There is no fee to register.
Pre-Bidding
The auction is set up two to four weeks prior to the end date for pre-bidding purposes. If you plan to bid, it is best that you register during this period. To avoid any internet lags, we suggest you place your maximum bid and allow the computer to bid for you.
Auction Day
On Auction Day, the event begins to close at a set time, and lots are sold in numerical order. The highest bid at the specified closing time and time wins the lot. If a bid is placed within the final minutes of a timed online only auction, the system automatically extends the bidding timeframe, ensuring the auctions are always fair. The lot end time may vary from auction to auction, normally between 1-2 minutes (time is displayed) to place a higher bid. With each new bid, time is added and displayed. (See example below.)
Post Auction
Once the auction is complete, high bidders will receive an email giving instructions on how to pay, times for pickup, etc. Bidders have 24 hours to make payment by: Wire Transfer, Cashier’s Check, Cash, Company or Personal Check (when accompanied by a Bank Letter of Guaranty), and Credit cards for payments UP TO $2500 (plus 3% processing fee). Please note: We do not have access to the card you have on file with HiBid, Live Auctioneers, Bidspotter or Proxibid.
Removal/Pick Up
Buyer is responsible for arranging removal, shipping, and transportation of all purchased items. Buyers should come prepared – WITH THE APPROPRIATE EQUIPMENT AND/OR PERSONNEL – to load your lots.
