New Jersey Live Bidding and Reports
This article only applies to New Jersey live bidding. Other states may have a different type of live bidding. Also, not all auctions may have live bidding, some auctions may only be pre-bidding only. Bidding increments may vary from township to township.
It is important to note that the bidding clock time and the bid increments are set by the township and is listed on the registration page. We recommend not waiting to the last second to bid.
Also, for premium bidding you are putting in the max over bid amount only, not the total bid amount. For instance if the face value is $1,000 and you want premium bid the total bid amount to be $1800. You would put in $800 in the Place $ bid box.
Follow these steps to bid during the live auction:
1. Log in and click on the Auctions tab
2. On the Auctions page you can search for parcel with the search bar or scroll down the page or click on the next page at the bottom.
3. For New Jersey you can bid a Percent(%) bid down from 18% down to 0% or Premium bidding up (Overbid) $ from face value.
4. If you have already pre-bid the pre-bid will be placed for you.
5. You can place a bid either on the Auctions tab page, or you can click the Unique number and place a bid on the detailed view page.
6. The total potential due is listed on the detailed view page.
7. When you bid on the auctions page it will show as green if you are winning, red if you have been outbid, yellow if you are tied with another bidder.
8. If there is a tie when the clock hits zero, the ties will be broken by random number generator.
9. On the detailed view page, if you are winning it will show "You are winning!" and the bid will be in Green. If you have been outbid, it will show "You have been outbid" and the current bid will possibly be red. When you have tied a bid, it will show "You are tied with X bidder" However many bidders you are tied with, the current bid will show in green.
10. Important to note, once you submit your bid during live bidding, you can not delete it. Be sure check your bid before submitting. You can lower your proxy bid by changing your bid amount but you still are responsible for the current winning bid amount.
Reports
Reports: You have three options under "Reports."
1. Bidder Bid Detail: This would be a summary of the pre-bids you set before it goes live.
2. Bidder Purchase Detail: This would be a summary of all the parcels you won.
3. Completed Auctions: This would be a summary of all parcels that have been auctioned off (only available for a short time after the auction).
Payments
On the left hand tool bar you can click on "My Payments."
1. Payments will depend on the township and what is accepted for final payment
2. Payment deadline will be listed on the registration page
3. If ACH/E-check is allowed for final payment, then you can go to My Payments then Choose Option click inside to Make Payment to make an ACH/E-check payment
4. If Wire Transfer is allowed for final payment, then you can email support@govease.com to get wire instructions. Important to note that some townships may only have Wire transfer only for final payment.