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FAQ for Homesteaders Trading Post

(Frequently Asked Questions)

Table of Contents

  1. Who determines the minimum or starting bid?
  2. What is the Bid Increment?
  3. What does using this auction cost and how do I qualify?
  4. How do I bid?
  5. What are Reserve Bids?
  6. How do I Post an item for sale?
  7. How do I find out more about a posted item?
  8. How do I know I'm getting a good deal?
  9. How do I know I won?

Who determines the minimum or starting bid?

The seller (the person who posted the item) decides what he or she wants the bidding to begin at. Usually this is (and should be) just below the lowest price acceptable for the item. If you bid, the system will ask you to bid the starting price PLUS the Bid Increment.  If an item is priced right, people will bid on it.

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What is the Bid Increment?

The Bid Increment ($1 is the default increment) raises the bidding each time by that minimum amount (you can increase or decrease this amount). The purpose of the bid increment is to keep someone from outbidding you by $.01. It protects both the buyer and the seller.

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Okay, what are Proxy Bids?

Proxy bidding allows the system to bid for you automatically. Think of Proxy bidding as someone who stays and watches the auction 24 hours a day while you're off doing more interesting stuff. You activate Proxy Bidding by entering the highest amount you are willing to pay for an item into the place bid box. The system will then bid for you, bidding only enough to make you the high bidder. If someone tops that bid our system places another bid for you and so on up to the maximum amount you've specified. Under no circumstances will Proxy Bidding ever bid MORE than you said. The system will notify you by e-mail if you have been outbid on an item so you can enter a higher Proxy Bid amount if you'd like.

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What does using this auction cost and how do I qualify?

This auction requires that all sellers and buyers be registered. This enables our software to keep track of items for sale and who bids on what. It protects both ourselves as the auction providers and you as buyer and/or seller. Registration is simple. Merely click on [New Registration] here or near the top or bottom of any auction page. There are no fees for buyers on this site, and sellers pay a small percentage of the final value of their items only if it sells. It is free to list an item on our site and listing enhancements (bold headings, flashing icons, etc.) are available for additional fees.

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How do I bid?

Click on the name of items you'd like more information about. If you wish to place a bid, enter your highest bid amount in the box below the item, then just click on the place bid button nearby. Should someone outbid you, the system sends you an e-mail notification with a link back to the item. Click on the link right in your e-mail message and you will be returned to the directly to the item. You can then raise your bid amount.

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What are Reserve Bids?

Sometimes a seller enters a Reserve Bid amount. For example, the item sells for $100 new. The seller decides to place a starting bid of $1 on the item but they want to get at least $80 for it. So a reserve bid of $80 is entered into the system. In such a case--even if you are the high bidder at, say, $60--you will not win the item unless you go over $80.

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How do I Post an item for sale?

Posting your items for sale here at Homesteaders Trading Post easy. Simply register if you have not already (by clicking [New Registration] here or at the top or bottom of any auction page). Our system automatically mails your password usually within a few seconds (no need to disconnect while you wait). Once you have the password, you might want to copy it from your e-mail and go to [Change Registration] to replace it with something you will easily remember.

Posting items for sale is accomplished by clicking on [Post New Item] here or at the top or bottom of any auction screen. Fill in the form with a short descriptive title. Next, select the category the item should be in (if you don't see an appropriate category on the drop down list, please e-mail us Auction Administrator and ask for that category to be added. Be a little patient, please--we get LOTS of e-mail.

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How do I find out more about a posted item?

If you have any questions about an item contact the seller and ask questions about their listing. Click on the Ask Seller A Question link found on the item page.

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How do I know I'm getting a good deal?

When buying something from someone--whether on the internet or anywhere else your best protection is to be an informed buyer. Know the cost of your item new and do your homework on the item. This will protect you in the long run.

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How do I know I won?

The system automatically sends the buyer (highest bidder) and seller of the item e-mail when the auction ends. The buyer and seller are then responsible for making their own arrangements for payment and shipment. This auction offers a venue for buying and selling. We will not, nor cannot, be held responsible in any way for any lack of performance by any and all parties. We simply provide a place that allows people to buy and sell. HOWEVER, do let us know of any problems. We can cancel an account if someone abuses the auction system.

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For any other questions you might have, please feel free to e-mail our auction administrator, Auction Administrator.


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