| Copyright Genesis Property Solutions, LLC. All rights reserved. NOTE: GPS is not acting as a real estate broker. All properties shown on GPS Auctions are listed by active real estate agents legally doing business under their state guidelines. GPS, LLC offers this website auction platform which functions as a tool for buyer’s agents to submit offers to the sellers and their agents. This exciting option provides a convenient new way for agents to help their buyers and sellers purchase real estate online. |
| GPS AUCTIONS GPS AUCTIONS help Buyers and Sellers navigate their way to Real Estate Success! |
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SELLING - How to Post an Auction
HOW TO POST AN AUCTION ON GPS AUCTIONS.
To make your Auction entry process simple and easy, please gather all of the information and then
send to GPS Auctions! Via email at auctions@genesispropertysolutions.org and/or via fax to
813-200-3324.
There are a total of THREE ITEMS we need from you to post an auction on this site:
1) Payment of your Auction Posting Fee (if applicable)
--CLICK HERE to begin the payment process
--For more info about the Auction Posting Fee, please see our FAQ's
--Upon payment on the secure site, you'll receive a receipt for payment
2) The "To Do Checklist"
--download the checklist here - This will help us to tailor your auction to meet your needs
3) Signed copies of the Terms Agreements
--Seller Terms (signed by Seller and Listing Agent)
--Listing Agreement Addendum (signed by Seller and Listing Agent)
--Listing Agent Terms (signed by Listing Agent - note, this document only needs to be signed
ONE time by an agent and submitted the first time they place a property on the site, once an
agent sends in a "Listing Agent Terms" agreement, the same terms will apply for all their activity on
the site, therefore you do not need to re-submit this form each time).
After , you've paid your Posting Fee and gathered the documents in Steps 2 & 3, simply send
them to GPS Auctions using one of these methods:
1) Send via email + attachments to auctions@genesispropertysolutions.org (PREFERRED)
2) Fax to 813-200-3324
Changes or updates to the information can be made once the property is loaded, but having all
information during the initial upload is very beneficial.
QUESTIONS? - email GPS Auctions Rep today and let's talk.
To make your Auction entry process simple and easy, please gather all of the information and then
send to GPS Auctions! Via email at auctions@genesispropertysolutions.org and/or via fax to
813-200-3324.
There are a total of THREE ITEMS we need from you to post an auction on this site:
1) Payment of your Auction Posting Fee (if applicable)
--CLICK HERE to begin the payment process
--For more info about the Auction Posting Fee, please see our FAQ's
--Upon payment on the secure site, you'll receive a receipt for payment
2) The "To Do Checklist"
--download the checklist here - This will help us to tailor your auction to meet your needs
3) Signed copies of the Terms Agreements
--Seller Terms (signed by Seller and Listing Agent)
--Listing Agreement Addendum (signed by Seller and Listing Agent)
--Listing Agent Terms (signed by Listing Agent - note, this document only needs to be signed
ONE time by an agent and submitted the first time they place a property on the site, once an
agent sends in a "Listing Agent Terms" agreement, the same terms will apply for all their activity on
the site, therefore you do not need to re-submit this form each time).
After , you've paid your Posting Fee and gathered the documents in Steps 2 & 3, simply send
them to GPS Auctions using one of these methods:
1) Send via email + attachments to auctions@genesispropertysolutions.org (PREFERRED)
2) Fax to 813-200-3324
Changes or updates to the information can be made once the property is loaded, but having all
information during the initial upload is very beneficial.
QUESTIONS? - email GPS Auctions Rep today and let's talk.
| QUESTIONS? Please visit The GPS HELP CENTER |
| Welcome Buyers/Agents! To place a bid, you must first Register with GPS If you have already registered, you can use the BID BOX Form on the Property Auction page to place your BID Offer or BUY NOW! |
| Welcome Sellers/Agents! Please note: To place your property for auction with GPS, you must first Register with GPS |
| Be notified immediately once new auctions are posted! Register for GPS Auction Alerts! |
| QUICK TIP! Make your auction as successful as possible with proper PROMOTION! Spread the word with road signs, property riders, and ads in various publications. For sample ads, CLICK HERE. |
MORE TIPS...
1) Try to schedule your showings for GROUP showings – these have seemed to work very well
with the auction format to create extra excitement!
2) remind all interested bidders that they must register with GPS in order to get a Bidders ID and
Password. Tell them not to wait, b/c it takes min 1 biz day to process their request.
3) Tell bidders to bid EARLY and to use the “max bid feature” to “protect their desired bid range.”
Be sure to read the Bidding Tips online to see how these key features work so you can explain to
the bidders if they ask you.
CLICK HERE to view the Bidding Tips Page
4) The #1 tip you can do to get your phone to ring off the hook is to change your listing price in
MLS and Realtor.com to be the minimum bid amount. However, when you do that, be sure you
also make an explanation in MLS and to confirm with your local MLS that this is OK. Remember,
GPS Auctions is not a real estate broker and we are NOT providing real estate brokerage advice,
but we can tell you what other agents (here in FL) have done in MLS:
For the public remarks: AUCTION PROPERTY "List Price represents opening bid price for
online, reserve auction. See realtor only remarks for details. All offers must be submitted through
AUCTION WEBSITE!
For the realtor remarks: AUCTION! AUCTION! Submit bids (offers) @ www.GPSauctions.org.
5) The lower you make your opening bid (provided you match this to MLS), the more calls you
will get. This can help you too to get lots of buyers leads for this and other properties.
6) HOWEVER, if there is a large difference between your opening bid and your hidden reserve, it’s
highly likely that (unless you do some significant promotion) your auction will end up falling short
of the reserve price. If you make the spread too large, you may get those buyers leads, but at
the risk of not meeting the reserve. Give some thought to that.
7) The biggest learning lesson is that the sooner the bidders meet the reserve (ie when the
computer shows “reserve met = yes” the more bidding that occurs b/c bidders know that the
auction is a “go” and seller will sell). Thus, the lower you can make your reserve compared to the
opening bid, the sooner bidders will reach reserve met and thus the more bidding excitement that
may occur.
1) Try to schedule your showings for GROUP showings – these have seemed to work very well
with the auction format to create extra excitement!
2) remind all interested bidders that they must register with GPS in order to get a Bidders ID and
Password. Tell them not to wait, b/c it takes min 1 biz day to process their request.
3) Tell bidders to bid EARLY and to use the “max bid feature” to “protect their desired bid range.”
Be sure to read the Bidding Tips online to see how these key features work so you can explain to
the bidders if they ask you.
CLICK HERE to view the Bidding Tips Page
4) The #1 tip you can do to get your phone to ring off the hook is to change your listing price in
MLS and Realtor.com to be the minimum bid amount. However, when you do that, be sure you
also make an explanation in MLS and to confirm with your local MLS that this is OK. Remember,
GPS Auctions is not a real estate broker and we are NOT providing real estate brokerage advice,
but we can tell you what other agents (here in FL) have done in MLS:
For the public remarks: AUCTION PROPERTY "List Price represents opening bid price for
online, reserve auction. See realtor only remarks for details. All offers must be submitted through
AUCTION WEBSITE!
For the realtor remarks: AUCTION! AUCTION! Submit bids (offers) @ www.GPSauctions.org.
5) The lower you make your opening bid (provided you match this to MLS), the more calls you
will get. This can help you too to get lots of buyers leads for this and other properties.
6) HOWEVER, if there is a large difference between your opening bid and your hidden reserve, it’s
highly likely that (unless you do some significant promotion) your auction will end up falling short
of the reserve price. If you make the spread too large, you may get those buyers leads, but at
the risk of not meeting the reserve. Give some thought to that.
7) The biggest learning lesson is that the sooner the bidders meet the reserve (ie when the
computer shows “reserve met = yes” the more bidding that occurs b/c bidders know that the
auction is a “go” and seller will sell). Thus, the lower you can make your reserve compared to the
opening bid, the sooner bidders will reach reserve met and thus the more bidding excitement that
may occur.