There are many factors that go into how long Godaddy holds expired domains. The first one is the domain name. If you do not renew it in time, your domain will be made available to the public 75 days after it expires. However, if you would like to register your domain, you can place a backorder. The domain will be available on any service if it is backordered.
The second thing you can do is renew the domain. You can do this for as long as it is still active. However, if you do not renew it in time, you risk losing the opportunity to register your new domain. Once the domain has expired, there is usually a grace period of five days. You can still reclaim it until the 19th day. After the 25th day, the domain is put on auction. Every prospective customer can bid for the domain. The auction process lasts for 10 days and ends when no one bids on the domain. If you do not get a bid on the domain by the end of the period, you can try to buy it back or make a backorder.
When a domain has reached its expiry date, GoDaddy will usually auction it off on its website. These auctions run for ten days and allow potential buyers to grab it for a low price. When you decide to purchase a domain name, you have the option of accepting an offer within that time frame or rejecting it. In most cases, if you are looking for a cheap domain, make sure you know how to find one with the lowest price.