How To List Properties On The Site:
We try to make it as easy as possible to list your assets on the ListedBy site for free. To add your inventory to the site you must be logged in to your account. From there you can click the “add property” link from every page on the site. This link can also be named “create listing”, or other variations relating to listing your inventory on the site.
From there you will be prompted to select the category that best describes your asset that you want to list on the site. We offer several categories that you can select to list Residential real estate, Commercial real estate, timeshares, and even Notes that are secured by real estate on our site.
You may list any asset on our site with a no reserve auction. This means that the asset has a starting bid at an amount chosen by you and at the end of the auction whatever the final bid price is will be the amount that your asset has been purchased for.
With a reserve auction all the same rules apply as with a standard no reserve auction however, you may select a “min price” known as your reserve price that the bidding must reach before you are obligated to allow the high bidder to purchase your property. As an example if you started your auction at a bid price of $1 but knew that the least you would accept on that asset is $500, you could then set your reserve price at $500 on the auction and you would not be obligated on the transaction unless bidding had reached that reserve amount per your review.
Own-It-Now Best Offer Listing:
The OIN/BO listings are our easy to use and most popular type of listing. This allows you to select a fixed price that your asset may be purchased at during any point of the listing term. If this OIN price is selected to be purchased by a member that ends that listing and you will be obligated to complete that transaction on that asset with the buyer at that agreed upon OIN price.
The best offer aspect of our OIN/BO listings allows our users to actually submit a hard offer to the poster of that listing at a reduced price beyond what the OIN price is and have the poster either accept, counter, or reject that offer. If the offer is accepted by the poster that is the end of that listing and the transaction will be the same as the OIN transaction. If the offer is countered the purchaser will receive an email with the price that has been requested by the poster and will then need to go to that listing page and submit a new offer to the poster per review.
The Social Network Aspects of LB:
With ListedBy you can connect with your partners and contacts from around the world allowing you the opportunity to not only market your listings but also market yourself to potential clients as well.
To allow our users the opportunity to connect in this way we offer the following methods of connecting through the site with clients and partners:
Through the site you can add friends “connections” and get updates when they list assets on the site so that you always see targeted activity.
Unlimited messaging: Because we are not charging a percentage fee or buyers premium after the fact on the transactions like some other sites do we do not in any way limit the amount of contact you can have with another member of our site. You can send unlimited messages to connections through the as well.
Recommendations: When you are connected to another member on the site you may give a recommendation that if approved by the connection will be posted on their user profile and also shown on your updates as well per your review. You may leave these recommendations by going to the user profile and hitting the leave recommendation button. At that point the recommendation will need to be approved by your connection to be posted on their user profile and the user may also give you a recommendation in response to be posted on your profile as well.
Post Needs/Wants: Another exciting option that we have to utilize the social network aspects of the site is what we call our “needs/wants” section. This is a place where you can post various topics with other members such as the types of investments that you are interested or simply chat about the RE industry in general. While we will remove any reported negative comments about other members we are not at all responsible for the material posted and it is viewed solely by the member base.