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.
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.
Unfortunately Downsizesale prohibits sellers from bidding on there own items, for the sake of establishing price fairness. however you are free to share your items auction link on social media to make sure that there are enough bidders on auction day to generate a satisfactory value for your beloveds belongings
Take a look at our terms and conditions to educate yourselves on what can and cannot be done.
If you are looking to enter your Seller menu, you can gain access to it through your my account tab on our home page, You can start a sale with Downsizesale. If you would like to keep an eye on the progress, log in to your Downsizesale account using your created username and password, provided via email at the time of contract signing. Once logged in, click on “account” in the top right-hand corner of your screen. in the account summary menu click on” published auction events” to access all the relevant information.
There are 6 main features within the Account summary :
The “draft ” bar is a function that allows the user to create ghost auction entries to learn how to operate the system or to create events and save them to be published on a later date. the drafts bar provides an overview of all the details relating to a certain auction entry.
The “published” bar is a function that allows the user to publish drafts or view all published items, this bar also allows you to track the status of items throughout the bidding process.
The “closed” bar function allows you to see the item status after bidding process completion. it also provides you with information about who bought the item and what they paid for it along with an agreed item pick up time-line.
The “Archived” and the “sales” tab will display the agreed upon contract with your “payable ” information for sale proceeds and the completed sale report respectively, with the opportunity to “View Details” for each category. The details will provide you with your final sale amount and payment status. for bidders you will receive an invoice instead.
Checks are sent to the payable address listed on your account for each sale. If this address changes please be sure to update your address as soon as possible. We will send a reminder after each sale ends to double-check this address and verify when the check leaves to its destination. If you need to update your address, please log in to your Downsizesale account and click on “Account tab” on the top right-hand corner of your screen. On the bottom of the far right-hand side of the screen you should see a tab for “Address” which you can click on to pull up any account information that was provided to Downsizesale. If you click to “invoices” you will be able to reference the payable amount to the address and edit the address if needed.
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!
Contact us as soon as possible to issue a new check. We will stop payment on the current check and mail a new check out immediately. There may be a stop payment fee for this process. Please contact seller assistance to begin this process.
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.
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.