If you are an audio/visual learner, feel free to watch the video tutorial here.

It might also be helpful to watch this video on Submitting a Bid to help reverse-engineer creating the auction.

Once you have created the listing and it has been approved by the Seller, you will Create the Auction.

First step is to select the Start and End Dates (and times - please note that all times are PT to accommodate bidders across North America).

You will now set the Starting Bid Price, minimum bid increase amount, Reserve Price (Reserve Price is not displayed publicly), and other items.

Next you will set up the pre-negotiated terms. You and your Seller will discuss which items are the most important to them, decide which (if any) are required or not allowed, and place “value” to the ones that are negotiable. This helps potential Buyers and their agents know what is most important to the Seller while placing bids.

When we say “value” it does not change the contract sales price. But these items have a psychological value to the seller, and aid in ranking the bids.

ie: If your client values cash offers or inspection waivers over offers that need financing or require an inspection, you are able to set the “Value to the Seller” in this step of the auction creation.