1. Auto Bid is the maximum bid you're willing to bid on the auction. Bid4Homes will automatically increase your bid to maintain your high bid position or to meet the reserve price.
Our system defaults to Auto bid. To choose a Flat bid option, click on the radio button next to Flat Bid.
2. Flat Bid is a one-time bid for the amount you indicate. Unlike Auto bid, which automatically increases your bid amount to maintain your high-bid position, when a Flat bid is placed you will have to manually place another bid to maintain your high-bid position.
Some auctions include a "BuyNow" option. When a seller selects the BuyNow option, there are two ways the item can sell. If a buyer is willing to meet the BuyNow price before the first bid comes in, the item sells instantly and the auction ends, OR, if a bid comes in first, the BuyNow option disappears and the auction then continues as a regular online auction. To "BuyNow" you must click on the BuyNow icon located to the right of the BuyNow amount.