Auction - Bidding is done in specified increments preceded by a minimum opening bid set by the Seller.   The auction continues until the Reserve has been met or the allotted time for the auction elapses.

Buy it Now - The price at which a bidder may purchase the Property at any time.

Reserve - A price point the Seller establishes as the minimum price they will sell the property for.  No one knows this price point except the Seller.

Proxy Bidding -  This is a method that allows your bid to be automatically increased against other bidders by the minimum increment bid amount until your Maximum Bid is reached or the auction ends.

Maximum Bid - The highest amount you  are willing to bid.  See Proxy Bidding.  You can increase this amount any time during the bidding process. 

Ask The Seller - At the bottom of every listing there is a "Comments" section where you can ask the listing agent a question, or view previous questions from other users.

When submitting a question to a Seller, the message gets sent directly to their email address on file. The Seller can respond by following the link in the email.

To ask the Seller a question:

1. Log into your account.
2. Go to the Item listing.
3. Scroll down to the section marked "Comments."
4. Click the text "Ask the seller a question." This will take you to a Contact User form.
5. Enter your message.
6. Click "Send" button.

What Happens if I am the Winning Bidder on Fast Gavel.com? The cost for purchasing a property on FastGavel.com is determined by your winning bid price + Closing Costs. 

Immediately following the end of an auction, emails and alerts are generated by the FastGavel.com system to the high bidders on all properties. If the Seller's Reserve has been met, the high bidder is declared the winner of the property.   

If you are the winning bidder you will be contacted by the listing agent to prepare or receive an offer to submit to the seller.

All sales will be scheduled to close within 45 days of the date the offer is accepted by the seller.  All bidders are responsible for their own financial arrangements to purchase the property that they are bidding on.