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Web portal instructions after each bid is received

Modified on: Fri, 31 Jul, 2020 at 3:09 PM


After each bid, it is essential to update each marketing platform to update potential buyers of the current bid and how many qualified bidders there are.
When the current bid is outside of 10% of your background price (ie., your background price is $880k and your highest bid is lower than $800k), you can still display a figure in the Price Field as shown below.



INSTRUCTIONS - CURRENT BID OUTSIDE OF 10% SEARCH RANGE

  • Update Price Field to read CURRENT BID $ XXX k or CURRENT BID $ XXX m
    To display a price in Price Field while 10% outside of your search range, you must include a space between the $ and the first numberPlease contact your coach if you need any clarification.
  • Update your first paragraph to reflect your current bid and number of bidders as below.

    CURRENT BID $XXX,XXX - X QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact the Agent immediately to become qualified and avoid disappointment.

  • Update your background price accordingly


INSTRUCTIONS - CURRENT BID WITHIN 10% OF SEARCH RANGE

  1. Update Price Field to read CURRENT BID $XXX,XXX
  2. Update your first paragraph to reflect your current bid and number of bidders as below.

    CURRENT BID $XXX,XXX - X QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact the Agent immediately to become qualified and avoid disappointment.

When you are within range of your background price, you can update your listing to an Online Auction on Domain and REA.

View the following articles for more information

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