The County set-up process
Step 1 – Realauction meets with the county to determine any site customization.
Rules of the sale – In general, most counties must adhere to the rules of the sales set forth in their state statutes, however some counties have latitude regarding how their sale is conducted. Other options – Deposit requirements, Payment types (ACH, Wire Transfers, cash, counter checks), proxy bidding etc.
Aesthetics – each website is completely customized for the particular county. This includes colors, headers, pictures and logos etc.
Data available – Realauction meets with the IT department to see what property information and certificate history is available to be displayed on the site. In traditional auctions, it was up to each individual bidder to do their research on each parcel for sale. The information was often contained in several county offices which meant a considerable amount of legwork or they could purchase the information from a third party vendor for an additional fee.
With the Realauction system, all of the data is contained on the site free of charge.
Data Requirements – after the sale is completed, the winning bidder information must be imported back into the county’s system. Because of the data experience Realauction has, the data requirements are often the easiest part of the setup.
Step 2 – Realauction designs and customizes the site based upon the county’s needs.
Step 3 – Auction is completed.
Step 4 – Results are returned to the county for importing into their system.