| 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! |
SELLING TIPS FROM GPS AUCTIONS
If you are considering selling your property through a competitive bidding event at GPS Auctions, there are
several things you can do to enhance the process and increase your chances for a positive selling experience.
SEPARATION FROM COMPETING PROPERTIES
When you are selling a real estate asset through traditional means, the biggest problem that you incur is the
inability to differentiate your property from the vast array of competing properties in the area. One way to do
that is with an auction-style event which sends a message that you are serious about selling your property.
This separation can be a big boost in the interest level from prospective buyers for the property. Since the
event is for a specific duration, typically 30 days, it also forces interested parties to make a decision now,
instead of later about the property.
PROMOTION, PROMOTION, PROMOTION
One way to enhance the competitive process is through heavy marketing and advertising bringing awareness
to the property and the timeframe for which interested parties can place their bids online. Online bidding will
only be successful if the buying public is aware of the property and the date it is to be sold. We recommend
display ads or line ads in local newspapers for most properties and national newspapers for luxury and
commercial properties. Ads should include a photograph of the property and enticing information about the
property to include the date, the list price, the opening bid (which should be quite lower than the needed
reserve price), a phone number for property tours, broker/agent information and of course the web address
for GPS Auctions (www.GPS Auctions.org). In short, you should be willing to invest some money to sell your
property and increase your chances of success. CLICK HERE to view SAMPLE ADS you can use to promote
your auction.
ATTITUDE OF SERIOUSNESS
GPS Auctions was designed for those people who are interested in selling their property, not just getting an
appraisal of market conditions. To get people interested in your property, you must convey an attitude of
seriousness and you must be serious. The best way to do that is by setting a low opening bid price and a low
reserve price. The public will see the opening bid price but the reserve price is kept confidential until it is
surpassed during the bidding. At that point, the site reveals to the bidders that the "reserve price has been
met" and that from this point on the property is selling to the highest bidder. This is great for the
competitive nature of the bidders since the seller has removed himself from the process. The reserve price is
the price that you advise GPS Auctions to input into the bidding system, which is the lowest acceptable price
you will take for the property. This does not mean that the bidding will stop once the reserve price is
achieved. The opposite may actually be true. With many auctions, once the reserve is met, it’s common to
see increased bidding competition because the bidders understand that they will lose the property if they do
not act. A low reserve price is one key in generating serious competition among bidders.
How do I place a property For Sale using GPS Auctions?
First you’ll need to register with GPS Auctions.
Next, you'll pay your Auction Posting Fee ($99 per 30-day auction posting). Please visit our Auction Payments
Page to remit your payment. If you have multiple properties, click here to see how you can earn a Bulk-Rate
Discount on your Auction Posting Fee.
Then, you & your real estate agent will CLICK HERE TO COMPLETE THE SELLING TO DO's. Once done then
you’ll receive your own Property’s Bid Page from which the Auction will be conducted.
Please note that all sellers must be represented by a licensed real estate agent in order to use
GPS Auctions. If you need help finding a qualified real estate agent, please let GPS know and we’ll refer you
to an agent who can assist you.
For more information about offering your property for sale using GPS Auctions, please visit the GPS Help
Center.
If you are considering selling your property through a competitive bidding event at GPS Auctions, there are
several things you can do to enhance the process and increase your chances for a positive selling experience.
SEPARATION FROM COMPETING PROPERTIES
When you are selling a real estate asset through traditional means, the biggest problem that you incur is the
inability to differentiate your property from the vast array of competing properties in the area. One way to do
that is with an auction-style event which sends a message that you are serious about selling your property.
This separation can be a big boost in the interest level from prospective buyers for the property. Since the
event is for a specific duration, typically 30 days, it also forces interested parties to make a decision now,
instead of later about the property.
PROMOTION, PROMOTION, PROMOTION
One way to enhance the competitive process is through heavy marketing and advertising bringing awareness
to the property and the timeframe for which interested parties can place their bids online. Online bidding will
only be successful if the buying public is aware of the property and the date it is to be sold. We recommend
display ads or line ads in local newspapers for most properties and national newspapers for luxury and
commercial properties. Ads should include a photograph of the property and enticing information about the
property to include the date, the list price, the opening bid (which should be quite lower than the needed
reserve price), a phone number for property tours, broker/agent information and of course the web address
for GPS Auctions (www.GPS Auctions.org). In short, you should be willing to invest some money to sell your
property and increase your chances of success. CLICK HERE to view SAMPLE ADS you can use to promote
your auction.
ATTITUDE OF SERIOUSNESS
GPS Auctions was designed for those people who are interested in selling their property, not just getting an
appraisal of market conditions. To get people interested in your property, you must convey an attitude of
seriousness and you must be serious. The best way to do that is by setting a low opening bid price and a low
reserve price. The public will see the opening bid price but the reserve price is kept confidential until it is
surpassed during the bidding. At that point, the site reveals to the bidders that the "reserve price has been
met" and that from this point on the property is selling to the highest bidder. This is great for the
competitive nature of the bidders since the seller has removed himself from the process. The reserve price is
the price that you advise GPS Auctions to input into the bidding system, which is the lowest acceptable price
you will take for the property. This does not mean that the bidding will stop once the reserve price is
achieved. The opposite may actually be true. With many auctions, once the reserve is met, it’s common to
see increased bidding competition because the bidders understand that they will lose the property if they do
not act. A low reserve price is one key in generating serious competition among bidders.
How do I place a property For Sale using GPS Auctions?
First you’ll need to register with GPS Auctions.
Next, you'll pay your Auction Posting Fee ($99 per 30-day auction posting). Please visit our Auction Payments
Page to remit your payment. If you have multiple properties, click here to see how you can earn a Bulk-Rate
Discount on your Auction Posting Fee.
Then, you & your real estate agent will CLICK HERE TO COMPLETE THE SELLING TO DO's. Once done then
you’ll receive your own Property’s Bid Page from which the Auction will be conducted.
Please note that all sellers must be represented by a licensed real estate agent in order to use
GPS Auctions. If you need help finding a qualified real estate agent, please let GPS know and we’ll refer you
to an agent who can assist you.
For more information about offering your property for sale using GPS Auctions, please visit the GPS Help
Center.
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Sellers - Selling Tips
Auction Benefits FAQ's
How to Sell via GPS Auction Selling Tips
Payments Page
Auction Benefits FAQ's
How to Sell via GPS Auction Selling Tips
Payments Page
| 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! |
| QUESTIONS? Please visit The GPS HELP CENTER |
| 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! |