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Generating an auction reserve letter 

This guide will walk you through the process of setting the auction reserve price and generating the reserve letter for signing within a Realtair campaign.

 

 

 

Step-by-Step Guide

  1. From your main dashboard, click on the campaign folder for the relevant property.
  2. Navigate to the Sell tab.
  3. On the Details page, scroll down to the Documents section. This is where your reserve letter will be generated and stored.
  4. In the Written Reserve field, enter the reserve price. This is the minimum price the vendor is willing to accept for the property.
  5. If you need to revise this price later, you can enter the new amount in the Revised Reserve field.
  6. Next, enter the amount for any Vendor Bids you plan to use during the auction.
  7. Once the details are entered, click the Generate and Sign button.
  8. A pop-up will appear giving you two options for signing: In Person or Remotely. Select the method that suits your situation to proceed with the signing process.

Once signed, your auction reserve is officially set and the completed letter is stored securely in your campaign documents, ready for auction day.