Auction Resources for Bidders & Sellers

Everything you need to buy or sell at a Jack Nitz auction: step-by-step online bidding instructions, bidder and seller guides, and a glossary of auction terms.

Since 1962, Jack Nitz Auctions has helped buyers and sellers across Nebraska and Iowa, with most of our sales in eastern Nebraska, the Omaha metro and western Iowa. Based in the Fremont, Nebraska area, we hold quarterly Truck, Trailer & Equipment Auctions every March, June, September and December, plus business liquidations, retirement auctions, estate auctions, farmland and real estate, firearms and more, through live auctions with simulcast online bidding and online-only auctions.

Whether you're placing your first online bid or getting ready to sell, start with the guides below.

Buying at Auction

Resources for Bidders

Bidder Guide

What to know before, during and after auction day, whether you bid in person or online.

  • Bidding in person vs. online
  • Tax exemption and Tax ID numbers
  • Max bids and how online-only lots close
  • Invoices, payment, pickup and shipping
Read the Bidder Guide
Selling at Auction

Resources for Sellers

Seller Guide

Selling equipment, trucks, real estate, a business or an estate? Whether it's one asset or an entire liquidation, learn how the process works.

  • Live simulcast and online-only auctions
  • Choosing the right format for used equipment
  • When you get paid after the auction
  • What happens if a buyer doesn't pay
Read the Seller Guide
Ready to sell? Call us at (402) 727-8800 or email info@nitzauctions.com to talk about your auction.
Reference

Auction Glossary

Glossary of Terms

More than 200 auction and real estate terms explained in plain language, from A to Z, including:

  • Absolute / No Reserve
  • Buyer's Premium
  • Hammer Price
  • Soft Close
  • Tie Bids
  • Escrow
  • Easement
Browse the glossary
Quick Answers

Common Auction Questions

How do I register to bid online?

Click an auction's title or photo on nitzauctions.com, click Bid Online Now!, then click Register to Bid on any item. Sign in or create an account, agree to the auction terms and verify a credit card. See How to Register & Bid for screenshots of every step.

Do I need a credit card to bid online?

Yes. Registering doesn't cost anything, but your card is pinged with a temporary hold, usually $25 (some real estate auctions require more). It may show as a pending charge, but it comes off within 48 hours.

What types of auctions do you hold?

Live simulcast auctions (in person with live online bidding) and online-only auctions that close at a set time. Every auction offers online bidding, though at some simulcast auctions one line sells to the live crowd only. Each auction listing shows its type.

What is a soft close?

On online-only lots, a bid placed near the end extends that lot's closing time by 90 or 120 seconds, depending on how many lots are in the auction. A countdown shows how many seconds are left, so everyone gets a fair chance to bid. Learn more in the Bidder Guide.

What forms of payment do you accept?

Cash, business checks, cashier's checks and wire transfer. No personal checks and no debit cards. Credit cards are accepted for purchases up to $1,000 with in-person ID verification, plus a 3.55% credit card surcharge. Details are in the Bidder Guide.

What is a buyer's premium?

A percentage added to the winning bid to determine the total price. It is set for each auction, so check the auction's Terms tab. See the Glossary for more terms.

When do sellers get paid?

Live and simulcast auctions typically settle in about 10 to 12 banking days, and online-only auctions in about 14 to 16. Details are in the Seller Guide.

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More from Jack Nitz Auctions

Have a Question? Ask Us

Our team is happy to help with bidding, selling, titles, hauling and anything else auction-related.

Jack Nitz Auctions (Jack Nitz & Associates, Inc.)
230 Ridgeland Ave., Inglewood (Fremont), NE 68025
Phone: (402) 727-8800  |  Email: info@nitzauctions.com
Serving all of Nebraska and Iowa, including Omaha, Fremont and western Iowa