How do online property auctions work?
how do online auction work ? Online auctions work by listing items for sale, and then allowing buyers to bid on them. The highest bidder wins the item, and they are then expected to pay for the item and provide a shipping address. Online auctions can be timed, with the bidding ending at a certain time and date, or they can be open-ended, with bidding continuing until no new bids are received. Online auctions work by first having a seller list an item for sale. The seller will specify the starting price, the duration of the auction, and any additional details about the item. Interested buyers can then place bids on the item. The bidding process usually goes in a cycle, with the highest bidder winning the item at the end of the auction. The seller will then contact the winning bidder to arrange payment and shipping.