## How do you calculate incremental increases?

It all depends on the estimated value of an item. for example:

items that start bidding for 10\$ have incremental increases of 1\$.

items that start bidding for 100\$ have incremental increases of 10\$

items that start bidding for 1000\$ have incremental increases of 100\$

Its very simple! in some cases the rates may be different depending on the item and the clients needs.

## Why was I outbid by an amount less than the minimum increment?

Since all bidders have the ability to place a Bid, you may occasionally find that you have been outbid by an amount that does not seem correct. For example, if your Bid was \$8, yet you lost an item to another buyer who won for \$10, here’s why: At 12:01 PM, Lot 1 is at \$4. At 12:30 PM, Bidder 1 (yourself) places a Bid for \$8. Bidding continues and at 12:45 PM, lot 1 is at \$7. At 12:46 PM, Bidder 2 places a Bid of \$10. Bidder 2’s bid is accepted since it is above the \$2 minimum increment at the time (since the lot was at \$8), and it also outbids your bid of \$10. As another example, if you place a Bid of \$25 when lot 2 is at \$15, why did the bid jump to \$23.50?The other bidder had a \$22.50 Bid which is why when you put in the \$25 Bid, it jumped to the next \$1 increment from the \$22.50 Bid to \$23.50.

## What does the downsizesale contract involve?

This is an agreement to give Downsizesale the authority to sell your items for a fee on your behalf. it details the responsibilities of the participating parties and a time-line of task completion based on our proven model.

## How can I get a copy of my invoice?

The invoice of your final sale proceeds is emailed to the email address listed on your account after the sale is completed and payment has been mailed. You may also sign into your account and access your account to find the invoices for any previous sales!

After the sale has ended, your invoice will be issued. you will find relevant information such as gross sales revenue. Once the sale is completed and processed, you will receive a statement detailing the net proceeds from the sale, and the final check amount.  You can go to your account to review your invoices at any time!

## How do I sell the contents of my estate?

Downsizesale is an online estate sale & downsizing company that uses an innovative customer service armed with extensive knowledge of the online auction market. Our website & full service model— photography, cataloging, payment – makes the entire process of planning and managing an estate sale easy and effortless. From furniture to arts, used cars, collectibles, vintage bags, and everyday household items, we sell it all.

## What does “Fair Market Value” mean?

At Downsizesale, whatever an item fetches at the end of an auction is considered to be an item’s Fair Market Value. In its simplest sense, fair market value is the price that an item would sell for on the open market. Fair Market Value is defined as the price at which the item would change hands between a willing buyer and a willing seller.