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Domain pending delete..what now?

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I found a domain I want thats pending delete. When I click it Im taken to name-jet and told this name's closing time is 3 days.

Minimum bid is 59.00 SHOULD the name go to auction.

Im confused.

What determines IF this domain goes to auction?And what if it doesnt go to auction... do I still pay this price?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
If namejet catches the domain and you're the only bidder, the domain will be yours for $59. If namejet catches it and there are other bidders, then a 3 day auction will be started and the domain will go to the highest bidder. If namejet doesn't catch it, or if you lose the domain to someone else at auction, your cost will be $0.
 
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Since it's pending delete, I advice that you create an account at Pheenix.com, snapnames.com, backorderzone.com and backorder via these sites. Stay away from Namejet as it pulls too many eyes. By revealing how many backorder a domain has.

Do the above if and only if you know that the domain name is valuable, otherwise wait for it to drop then use coupon code to snag it off.
 
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