Post Auction is when property goes from Live Online Bidding to qualifying the “Buy Now” or Highest Bidders terms of offer. It is also where properties go when the count down has ended and there’s no bidders. The Bid & Buy Now button will be disabled unless property goes back to Live Online Bidding.
1. “Buy Now” Buyers get priority VIP attention, because they are willing to pay the Sellers “Buy Now” Price. When a bidder choses to “Buy Now”, then the property will go into Post Auction Status until the Bidders offer gets verified and accepted by Seller.
2. If there’s a Winning Bidder at the end of the bidding countdown the property will go to Post Auction Status until the Seller approves an offer. The Seller has the right to accept or reject any offers if they fill the terms of another offer is better than the one with the highest price. No bidder should consider them the winning bidder until the Purchase Agreement is executed by the Seller.
3.If the property doesn’t have any bids at the end of the Auction countdown then the property will go into Post Auction Status. The Seller can withdraw their property from AuctionMyDeal.com without any costs after Auction ends and there’s no offers at or above the Minimum Bid, or they can relist it to Auction. If they want to relist to Auction, they need to reduce their Minimum Selling Price 7% in order to reapply to Auction off their Deal on this site.