A Timed Auction is a fully digital format where bidding takes place over a fixed period of time. Bidders can place bids 24/7 during the auction window, and if a bid is placed near the end, a time extension is automatically triggered to allow fair competition.
This format provides buyers with more flexibility and sellers with a clearly defined sale timeline.
| Feature | Description |
|---|---|
| Countdown Format | Bidding open for a defined duration (e.g., 7 or 14 days). |
| Automatic Time Extensions | Auction is extended if bids are placed in the final minutes. |
| Transparency | All bids are visible in real-time. |
| No Physical Attendance | 100% online, bidders can participate from anywhere. |
| No | Step | What You Need to Do |
|---|---|---|
| 01 | Explore Available Timed Auctions | View available properties with upcoming closing times. |
| 02 | Create an Account & Verify | Register on our platform and complete identity checks. |
| 03 | Read the Legal Pack | Carefully study the property’s legal documents. |
| 04 | Arrange Viewings & Budget | Visit the property (if possible) and set your budget. |
| 05 | Enter Your Bid | Place your bid during the auction window, highest bid at the close wins. |
| 06 | Time Extension Rules | If someone places a bid within the last X minutes, the auction is extended. |
| 07 | Win and Proceed | The winner receives immediate notification and moves into contract signing and payment steps. |
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