How to Bid in an Ashland Auction
Bidding is done entirely online on ashlandauction.com. Once you understand the steps, it’s straightforward—and fast.
Every auction has its own terms, deposit, and closing date. Always read the individual listing before you bid.
Quick Overview
- Find a property you’re interested in.
- Register for that auction and accept the terms.
- Watch the countdown and place your bids online.
- Highest bidder (subject to terms/reserve) wins.
- Deliver deposit and close with the title company.
Most auctions have soft-close extensions, meaning the clock may extend briefly if new bids come in at the end.
Step-by-Step: Before Auction Day
- Set up your account: Create a login on ashlandauction.com and confirm your email.
- Verify your information: Provide basic contact details and any items required for that auction.
- Read the Terms & Conditions: Each property has its own deposit amount, Buyer’s Premium, and settlement timeline.
- Do your due diligence: Walk the property if access is available, review photos, documents, and neighborhood data.
- Decide on your max bid: Factor in the Buyer’s Premium, closing costs, and rehab budget before setting your ceiling.
Step-by-Step: On Auction Day
- Log in early: Make sure you can access your account and the auction dashboard.
- Monitor the bid increments: Properties will show current bid and the required next bid.
- Place bids as needed: Enter bids manually as you watch the countdown, or in some cases use max-bid if available.
- Watch for extensions: Many auctions use a “soft close” that adds time when last-minute bids are placed.
- Winning notice: If you are the winning bidder, you will receive instructions about the deposit and contract.
If you’re new to auctions, treat your first one like a live training—watch how bids move, even if you don’t bid yet.
What You Need to Bid
- Valid account on ashlandauction.com
- Ability to pay the deposit within the required timeframe
- Credit card for the pre-auction authorization hold
- Understanding of the terms (as-is condition, no contingencies)
After You Win
If you are the successful bidder:
- Follow the email instructions for delivering the deposit.
- Work with the title company to sign documents and prepare for settlement.
- Plan insurance, utilities, and any rehab or rent-ready work.
For more detail, see What Happens After You Win.