making an offer on bidselect: The early bid wins: Sequence does matter on BidSelect
- 05/27/11 02:04 PM
Daily bids on BidSelect are looked at IN SEQUENCE. The first one that meets the required criteria will be awarded the contract, with subsequent bids not even visible to the asset manager when the property is a First Preston listing. The AM cannot open subsequent bids already in the system. I was surprised to learn (via one of our regularly-scheduled, required teleconference calls) about the sequential method and the system rules that lock the remaining bids. The lesson here is to make your client's bid EARLY in the day, rather than waiting until just before the bid deadline. If your bid is … (4 comments)
making an offer on bidselect: WHAT BID??? I just want to turn in a contract to the listing agent!
- 01/24/11 03:10 PM
You or your client found the perfect property; but then you find out that you have to make a bid on the client's behalf, instead of simply presenting a contract to the listing agent. Don't despair! BidSelect® is one of the sites you might run into, and navigating the site is really not difficult. To make it easier, here are instructions COMPLETE with illustrations. NOTE that the listing agent cannot input the offer for you in most instances, so you will have to register and place the bid for your client, unless you intend to refer the client. Instructions for using BidSelect® … (6 comments)
Daily bids on BidSelect are looked at IN SEQUENCE. The first one that meets the required criteria will be awarded the contract, with subsequent bids not even visible to the asset manager when the property is a First Preston listing. The AM cannot open subsequent bids already in the system. I was surprised to learn (via one of our regularly-scheduled, required teleconference calls) about the sequential method and the system rules that lock the remaining bids.
;)
;)
;)
