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» HELP TOPICS

Registering

Registration to Letitbay.com is very simple. To start the signup process, click on the register tab at the top of this page. Only users over the age of 16 years are able to register. The next step is to fill in all your information, failure to supply all the required information will result in an error. By clicking on the "Register" button near the bottom of the page you will be redirected to the confirmation page. Your account will be activated once you confirm the link that will have been sent to your account email address.

How To Sell

Once you have signed up for an account, you will be able to sell items through Letitbay.com. In order to do that, you will need to click on the "Sell" tab. You will then be directed through the simple auction setup process, where you'll select the main country category of the property you want to let, and a sub-category if appropriate, e.g. main category Greece, sub-category Corfu. The second step is entering the auction details, general settings, and payment methods available to your bidders. You can now upload up to 6 images of your property. On the "Auction Settings" tab, you can choose the type of the auction, the start price, whether to activate "buy now" or set a reserve price. Also, you will be able to choose what type of bid increment to use, the standard Letitbay increments or custom increments. If you choose the custom option, you will need to enter an increment values. You will also be able to choose whether to feature the item on the Letitbay home page, and the duration of the auction. By clicking on the Next Step button, you will be redirected to Step Three, where you can review the auction before submitting. If everything is in order, you can click on the "Submit" button, and you will be redirected to the payment page, or a confirmation page, if no fees have to be paid. The auction is activated once the payment is confirmed by the payment gateway, or instantly, if no fees need to be paid.

How To Bid

If you have found a property you would like to bid on you can do so quickly and easily by following these steps:-
(1) Login to your account: if you have not registered you can do so within 5 minutes
(2) Visit the auction page
(3) Towards the bottom of the auction description page you will see a bidding box, you can use the shortcut link to the bidding box if you wish.
(4) Enter in your bid, note you must bid above the minimum bid required
(5) Click on the place bid button
(6) You will then be asked to confirm you bid, once you have done so your bid will be entered, and if successful you will receive a confirmation message. If you bid fails to outbid the current high bidder you will be offered the option to place a higher bid. Proxy bidding can aid your chances of winning an auction and help avoid you being outbid at the last moment. To place a proxy bid enter in the maximum price you are willing to pay for the item. If another user places a bid on the same auction, automatic bids will be placed by the Letitbay system on your behalf in accordance with your maximum bid amount. With proxy bidding you will pay the lowest possible price until someone else places a higher bid. There is another way of bidding: "Buy it now" auctions. "Buy it now" prices are set by the seller, if you agree with that price, you can click on the "Buy Now" button which is displayed on the auction details page. After clicking on the button you will be re-directed to a confirmation page. On a standard auction that auction will end instantly as the item has been sold. On a Dutch auction, you can enter the amount of weeks you wish to buy (depending the quantity available).

If you purchase less than there are available in total, the auction will remain open with the number of items left available after you have purchased the amount you want.

Members Area

Members Area ("My Letitbay"). Once you have successfully logged in using the login forms from the main page or from the login page (click on the "login" tab at the top of the page), you will be redirected to the members area page. This page is divided into four tabs: 1. Bidding: on this page, you will be able to see the properties you are currently bidding on, as well as the status of the bids, items you have won, and your watched items. By clicking on the Auction Watch link, you will be able to add keywords for auctions your interested in. An email will be sent to your email address every time an auction that contains the keyword in its name or description is submitted. By clicking on the "View Details" link from the "Won Items" area, you will be able to see the details of the seller, and make contact with him in order to complete the sale. 2. Selling: there are three areas available on this page. The "My Opened Auctions" area, where you will see details of auctions you currently have running; if no bids have been submitted yet on an open auction, you are able to edit the auction. The "My Closed Auctions" area, where you will see any auctions you submitted that have now closed. You can choose to edit, delete or re-list a closed auction. On the "Sold Items" area, you will see the items you have sold, and by clicking on the "View Details" link, you will be redirected to a page where you will see the details of the buyer. 3. Feedback: from this page, you will be able to see any feedback you have received, and leave feedback for other users. 4. Personal Info: you can edit your personal information here, except for your username. You can also change the password for the account. If the password and confirm password fields are left empty, and then the password will remain the same.

Auction watch

The auction watch feature notifies you of newly listed auctions which contain keywords you have chosen. For example if you are looking for a property in Portugal you could enter in those keywords from within your members area. Each time a new auction is listed containing the term Portugal you will be notified via this web-site. You can enter in as many keywords as you like.

Item watching

The item watch features lets you keep a close eye on any auction without having to place a bid on it. This feature means you can be kept up to date on how an auction is doing and prepares you to place a winning last minute bid. You can watch any auction by clicking on the Watch this item link on any auction page.

Feedback system

Once a sale has been processed, both the seller and the buyer will be able to leave feedbacks for each other. The feedback rating is from one star to five stars, and a feedback comment can also be left. The feedback can be left from the Feedback tab from the Members Area ("My Letitbay"). The feedback can only be left once, and it cannot be edited afterwards. The site admin will reserve its right to delete malicious or untrue feedbacks.

Wanted Ads

As an advertiser you can list adverts for property or countries you want to visit, and sellers can submit offers for property they are letting.  It's a quick, simple and hassle free way of sellers being able to meet buyers demands.

Advertiser (Buyer)
List a new wanted ad and wait for sellers to contact you with offers.  If you receive an offer your happy with you can bid on the item!

Sellers
Browse the wanted ads and if you find one that matches a property you are letting you can make an offer and tell the buyer you have just what they are looking for!

Dutch auctions

On a Dutch Auction, the auctioneer has more weeks of the same property to let. The bidder will enter a maximum bid he is willing to rent a property for, and the number of units (days/weeks/months) they wants to purchase. The highest bidder(s) will receive the number of weeks they have bid on, and the remaining bidders will receive the number of weeks still available. Buyers are able to bid more than once for the same item.