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| Guidelines for How to Sell on Bid4Assets |
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| Print this page |
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Gather the information you will need before listing your asset, including:
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1 Select Sell an Asset
You must be registered to sell. You will be prompted to login or register after you click
on Sell an Asset.
2 Select Start
Select the auction listing package that includes the products and services that best
meet your needs.
3 Choose the option New Listing
if you are listing the asset for sale.
4 Choose a Channel
and assign your asset to the most appropriate category or sub-category available.
5 Enter Basic Asset Information
Title - To keep our Web site consistent and easy to follow for bidders we require
the following standards and formats for auction titles:
- Sentence Case Please (No ALL CAPS)
- Real Estate: Location + Size + Description (Vienna, VA - 2 Acre Residential Lot)
- Personal Property: Quantity/Value + Description (1.5 CTW Diamond Ring)
- Financial Instruments: Face Value + Security + Performance + Description ($7 Million Secured Performing Promissory Note)
- Intangible Property: Sub-Category + Description (Domain Name: GeeWhiz.com)
Asset Description:
- HTML format - No <STYLE>, <BODY>, <BASE>, <FORM>, <HEAD>, <HTML>, <INPUT>, <LINK>, <META>, <TEXTAREA>, <TITLE>, <SCRIPT>, or <OBJECT> Tags allowed
- HTML tables are restricted to 650 pixels wide
- Font size no greater than +2
- Images no greater than 320 Pixels (W) x 240 Pixels (H)
- (Hint: This recommended image size is for faster download time and enhanced user experience. Larger images require a much longer download time, making it convenient for users.)
- We recommend no more than (5) images to maintain manageable download time for users.
- All links within the asset description must open a separate browser window.
- We recommend that you include only pertinent information. Bidders may not read your description if it is too long.
- If only limited information is available, please state this clearly so that potential bidders are aware.
- Real Estate: Include APN Number/complete legal description (required), size of property, zoning, annual taxes/dues, utilities available, improvements, appraised value, telephone number for county (recommended), etc. For timeshares include the unit#, fixed/floating week and maintenance fees.
- Personal Property: Make, model, serial number, specifications, year/age/hours used, maintenance, size, cut, color, clarity, etc.
- Financial Instruments: Position of note, performance, origination amount and date, payments, balance of note, amortization schedule, etc.
- Intangible Property: Description of asset, registration date, etc.
6 Auction Requested Timeline
- Start Date: Monday - Friday during Bid4Assets' regular business hours (8am - 6pm ET)
- End Date: Tuesday - Friday during Bid4Assets' regular business hours (8am - 6pm ET)
- We do not recommend closing auctions on a Monday to ensure adequate time to respond to bidder questions from the weekend.
7 Select Financial Terms
- Bid4Assets recommends NO RESERVE auctions to encourage the most bidder participation.
8 Settlement Terms
- Choose the method(s) of payment you will accept.
- For Jewelry auctions, be sure to include your refund policy.
9 Listing Fees & Options
- Review the fees and promotional opportunities.
- Bid4Assets recommends selecting promotional opportunities to increase exposure of your auction.
10 Asset Listing Confirmation
- Review your listing.
- Agree to the Bid4Assets User Agreement and the auction listing guidelines.
- Click "Finish" (once you click "Finish" you will no longer be able to make any changes).
11 Congratulations
- Review listing by clicking on the link provided.
- Record Auction ID # for your records.
- Upload your due diligence materials using one of the following methods:
1. Include images and links to due diligence in your asset description using html:
- Example for image:
<center><img src=http://www.webaddress/imagelocation.jpg alt="image description"></center>
- All links must open in a separate browser window. Example for link:
<a href="http://www.webaddress.com" target="_blank">link description to be hotlinked</a>
2. Upload due diligence directly to the Bid4Assets Web site:
- Click on the link to edit your auction listing from the congratulations
page, or go to sell and asset and select the option to edit your auction listing.
- Follow the directions to upload images (jpg or gif format) and documents (pdf format) for your auctions on hold.
3. Send due diligence to Bid4Assets (for Deluxe Listing Package only):
- Include your name, email address, asset title and auction id # with
all communication.
- Email images or scanned documents to service@bid4assets.com with
the auction id # in the subject line. We will post your photos/documents for
you. Or,
- Fax hard copies of documents to (301)650-9194. Or,
- Mail photos/documents to Bid4Assets. Do not send originals.
Bid4Assets
Attn: Client Services
8757 Georgia Ave (Suite 1330)
Silver Spring, MD 20910
Important Quality Review:
Please allow 1-2 business days for quality assurance review and posting of due diligence once the information has been received (when applicable). For new sellers and for all assets valued over $1,000, we require a copy of your proof of ownership. This can be faxed to (301)650-9194. Your auction listing will remain in hold until we receive a copy of your proof of your ownership.A dedicated Account Manager will contact you if more information is required and to get your approval of your auction listing before it goes live on the Web site.
- Example for image:
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Questions: Thank you for your business! |
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