MARKETPLACE OPTIONS

Marketplace Options2023-01-24T00:33:04+00:00
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MARKETPLACE OPTIONS

EXR offers Three Marketplace Listing Mode Options:

  • Option 1) Auctions
    • Reserve Auction (Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price)
    • No-Reserve Auction (Listing will sell to highest Bidder regardless of Bid amount)
  • Option 2) Classifieds
    • (Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price)
  • Option 3) Hybrid (Auctions + Classifieds)
    • (Listing will sell if Highest Bid amount meets or exceeds set Reserve Price or to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price)

Marketplace Listing Mode Options Full Description:

  • Option 1) Auctions
  • Reserve Auction (Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price)
    • Seller sets Floor Amount
      • Floor Amount will set Opening Bid Amount and Opening Offer Amount
      • An Initial Bid or Offer made below the Seller set Floor Amount will be accepted by the Platform, at which point the Floor Amount will reset to the Initial Bid or Offer placed, henceforth any Bids or Offers placed below the new reset Floor Amount will not be accepted by the Platform
      • Default setting is $0, recommend Seller sets Floor Amount at or below the wholesale value and below Reserve Price set for the Listing
      • A Floor Amount set too high may discourage Bids and Offers, Sellers should carefully consider the Floor Amount they set for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Floor Amount
      • EXR reserves the right to refuse a Listing with an unrealistic Floor Amount
    • Seller sets Reserve Price
      • Reserve Price should be set to the lowest amount Seller is willing to accept for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Reserve Price
      • EXR reserves the right to refuse a Listing with an unrealistic Reserve Price
      • Reserve Price may be adjusted by Seller during the Listing Period through Seller Dashboard
        • Reserve Price may be adjusted higher or lower during Upcoming Period
        • Reserve Price may Only be adjusted Lower during Live Period
    • Upon Approval, Listing is scheduled for Auction and goes into Upcoming Period
      • Make Offer is active during Upcoming Period (Buyers may Make Offer to Seller and Seller may accept such Offer at Seller discretion)
      • Make Offer is inactive during Live Auction Period
      • Buyers may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during Live Auction Period
      • If Listing fails to sell during Live Auction Period, Listing will go back into Upcoming Period until the next scheduled Auction
    • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform)
  • No-Reserve Auction (Listing will sell to highest Bidder regardless of Bid amount)
    • Seller sets Floor Amount
      • Floor Amount will set Opening Bid Amount and Opening Offer Amount
      • An Initial Bid or Offer made below the Seller set Floor Amount will be accepted by the Platform, at which point the Floor Amount will reset to the Initial Bid or Offer placed, henceforth any Bids or Offers placed below the new reset Floor Amount will not be accepted by the Platform
      • Default setting is $0, recommend Seller sets Floor Amount at or below the wholesale value and below Reserve Price set for the Listing
      • A Floor Amount set too high may discourage Bids and Offers, Sellers should carefully consider the Floor Amount they set for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Floor Amount
      • EXR reserves the right to refuse a Listing with an unrealistic Floor Amount
    • Upon Approval, Listing is scheduled for Auction and goes into Upcoming Period
      • Make Offer is active during Upcoming Period (Buyers may Make Offer to Seller and Seller may accept such Offer at Seller discretion)
      • Make Offer is inactive during Live Auction Period
      • Bidders may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during Live Auction Period
      • If Listing fails to sell during Live Auction Period, Listing will go back into Upcoming Period until the next scheduled Auction
    • Seller may change from Reserve Auction to No-Reserve Auction at any time during the Listing Period through Seller Dashboard
    • Seller May Not change from No-Reserve Auction to Reserve Auction, Classifieds or Hybrid
    • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform)
  • Option 2) Classifieds (Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price)
    • Seller sets Floor Amount
      • Floor Amount will set Opening Offer Amount
      • An Initial Offer made below the Seller set Floor Amount will be accepted by the Platform, at which point the Floor Amount will reset to the Initial Offer placed, henceforth any Offers placed below the new reset Floor Amount will not be accepted by the Platform
      • Default setting is $0, recommend Seller sets Floor Amount at or below the wholesale value and below Reserve Price set for the Listing
      • A Floor Amount set too high may discourage Offers, Sellers should carefully consider the Floor Amount they set for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Floor Amount
      • EXR reserves the right to refuse a Listing with an unrealistic Floor Amount
    • Seller sets Buy Now Price
      • If Listing is accepted, EXR will work with Seller in setting a realistic Buy Now Price
      • EXR reserves the right to refuse a Listing with an unrealistic Buy Now Price
      • Buy Now Price may Only be adjusted Lower by Seller during the Listing Period through Seller Dashboard
    • Upon Approval, Listing goes Live immediately
      • Buy Now is active (Buyers may buy the Listing immediately at the Buy Now Price)
      • Make Offer is active (Buyers may Make Offer to Seller lower than Buy Now Price and Seller may accept such Offer at Seller discretion)
    • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform)
  • Option 3) Hybrid (Auctions + Classifieds) (Listing will sell if Highest Bid amount meets or exceeds set Reserve Price or to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price)
    • The best of both worlds, this option offers all the features of the Reserve Auction and Classifieds options in one package offering greater potential for a successful sales outcome
    • Seller sets Floor Amount
      • Floor Amount will set Opening Bid Amount and Opening Offer Amount
      • An Initial Bid or Offer made below the Seller set Floor Amount will be accepted by the Platform, at which point the Floor Amount will reset to the Initial Bid or Offer placed, henceforth any Bids or Offers placed below the new reset Floor Amount will not be accepted by the Platform
      • Default setting is $0, recommend Seller sets Floor Amount at or below the wholesale value and below Reserve Price set for the Listing
      • A Floor Amount set too high may discourage Bids and Offers, Sellers should carefully consider the Floor Amount they set for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Floor Amount
      • EXR reserves the right to refuse a Listing with an unrealistic Floor Amount
    • Seller sets Reserve Price
      • Reserve Price should be set to the lowest amount Seller is willing to accept for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Reserve Price
      • Exclusive reserves the right to refuse a Listing with an unrealistic Reserve Price
      • Reserve Price may Only be adjusted Lower by Seller during the Listing Period through Seller Dashboard
    • Seller sets Buy Now Price
      • Recommend Seller sets Buy Now Price at or above the Reserve Price set for the Listing
      • If Listing is accepted, EXR will work with Seller in setting a realistic Buy Now Price
      • EXR reserves the right to refuse a Listing with an unrealistic Buy Now Price
      • Buy Now Price may Only be adjusted Lower by Seller during the Listing Period through Seller Dashboard
    • Upon Approval, Listing goes Live into Classifieds immediately and is scheduled for the next Auction
      • Buy Now is active (Buyers may buy the Listing immediately at the Buy Now Price)
      • Make Offer is active (Buyers may Make Offer to Seller lower than Buy Now Price and Seller may accept such Offer at Seller discretion)
    • During Live Auction Period
      • Buy Now is inactive
      • Make Offer is inactive
      • Buyers may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during Live Auction Period
      • If Listing fails to sell during Live Auction Period, Listing will go back into Live Classifieds Period
    • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform)
  • Seller may adjust the Listing (pricing, text, photos, videos, etc.) during the Listing Period through Seller Dashboard (restrictions apply)
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