Depending on where you live, there may be a couple different types of auctions you’re dealing with. There are online auctions, in-person auctions, or a hybrid of the two.
The first part of any auction is:
1) Registering For The Auction
– Depending on the type of auction, the registration process may change. You want to pay very close attention to the rules and regulations for registering in your area. Some you have to register for far in advance, sometimes 2 weeks to 30 days. Some also require a deposit to become a bidder so you don’t get to bid for free. If you miss these deadlines or rules, you will absolutely not be allowed to bid.
– In some locations, such as Harris County, TX, you may be able to register until the day of the auction. You are even able to register on the day of the auction.
2) Receive a Bidder Registration Card
– You will receive a Bidder Registration Card for in-person auctions. For online auctions, you will simply have a username and password to login with.
– Your Bidder Registration Card will contain a number that they refer to you by when bidding. This number is very important because it gets recorded when you’re bidding. Even if you’ve registered in the past, you still need to bring this card because this is how your bids are registered.
3) Create a Max Bid Sheet
– Important things listed on your max bid sheet is the cause or case number, an auction ID, etc. You need to take this sheet with you to the auction.
– Make sure to use a tri-fold with your max bid sheet so others can’t see what’s on your paper.
For more tips, check out this video as Mike Walker gives a complete breakdown of the tax auction process!
Hope this information helps and when you are ready to get started, text “AUCTION” to (909) 344-5272 and we will be right there to assist you!