Approved Listings normally go Live within Seventy-Two (72) Hours of Listing Approval.

• Hybrid Auctions (Auctions + Buy Now/Make Offer | This is the Platform Default Setting) 
  • Upon Listing Publication, the Listing immediately goes into Live Preview Period (until the scheduled Online Auction Period) with Buy Now/Make Offer active allowing potential Buyers to pay the Buy Now Price or Make an Offer to the Seller.
  • The Listing will normally be scheduled for the next Online Auction normally within approximately 14 days of Listing Publication.
  • Normal Auction Timeline is Seven (7) Days with Auctions run Bi-Weekly.
  • Custom Timelines may be available upon special request. (EXR is the final determinator of any special requests)
  • If the Listing fails to sell during the Auction Period, the Listing cycles back into the Buy Now/Make Offer Period for 7 days.
  • If the Listing fails to sell during the Buy Now/Make Offer Period it will cycle back into the Online Auction Period for 7 days.
  • This cycle continues until the Listing is sold or the Listing term expires.
  • During Auction Periods:
    • Reserve Auction Option (The Listing will only sell if Highest Bid amount meets or exceeds the set Reserve Price.)
    • No-Reserve Auction Option (The Listing will sell to Highest Bidder regardless of Bid amount.)
  • During Buy Now/Make Offer Periods (The Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price.)
• Buy Now/Make Offer (Features Buy Now & Make Offer Options)
  • Upon Listing Publication, the Listing goes immediately into Live Buy Now/Make Offer Period for the duration of the Listing.
    • Buy Now is active (Buyers may Buy the Listing immediately at the Buy Now Price.)
    • Make Offer is active (Buyers may Make an Offer to the Seller lower than Buy Now Price and the Seller may accept such Offer at Seller discretion.)

Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform.)

• Buyer may submit questions to Seller through the EXR Platform.
• Seller has Seventy-Two (72) Hours to respond to Buyer questions.
• Buyer may submit Offers to Seller for Listings in Buy Now/Make Offer through the EXR Platform.
• Seller has Seventy-Two (72) Hours to:
  • Accept Buyer Offer
  • Counter Buyer Offer
  • Decline Buyer Offer

Facilitation Services are offered by EXR to help facilitate and complete a smooth Sale/Purchase transaction between Buyer and Seller.