Log into your WordPress admin section and head over to the Property Drive menu item -> Integrations & Modules tab. Turn on 4Bids by toggling the “Enable 4Bids module” option. Follow the steps to change your settings or use the default ones.
Head over to the Property Drive menu item -> 4Bids menu item -> General Settings tab and configure each option.
Make sure you read and understand each option:
This option should be enabled (ticked) so that all bidders get bid notifications and other bid-related notifications.
Users can get verified globally (all properties) or per property (an admin needs to approve each bidder).
Users need to provide specific documents in order to get verified by the agent. Select all that apply. Note that the required documents can also be configured on a per-user basis.
This is an optional feature and allows the agent to add one or more legal documents to each property.
These settings include the refresh interval (defaulting at 5 seconds) and the bid increment (or decrement) amount. 500 is a good value. This is the amount that goes up (or down) when clicking/tapping the plus/minus buttons.
This optional feature allows the agent to extend the auction time by X minute(s) if the latest bid is within the last Y minute(s). Use 0 to disable.
This email should be set in order to receive bidding and bid-related notifications.
You can see your open properties on the Dashboard section. Click on each property to see its active bids.
Enable 4Bids for your property (or properties) and configure options.
Go to your Properties list (menu item on the left) and select your property.
Scroll down to the 4Bids Settings metabox. Tick the Allow bids for this property box.
Set the selling method to Auction or Private Treaty.
Set the Reserve Price and Minimum/Starting Bid.
The Reserve Price signals when the property has reached the market price, making the property ready to sell. Additionally, for auctions only, a “Property has reached reserve!” message is shown above the current bid.
The Minimum/Starting Bid is the default starting price. Bids cannot go lower than this value.
All other fields are optional.
Remember to scroll up and Update your property when you are done.
Respond to buyer requests to bid (via email).
Whenever a new bidder requests access to bid, you, as agent, can check their credentials, their documents and override or request more required documents.
When the agent is satisfied, they can switch the status to Verified.
Note that all fields and settings related to each user are mandatory (status, verification, requested documents, expiration, maximum bid amount and so on).
If the Verification mode is set to “Per Property”, you will see all user applications in their profile settings. Approve them as you see fit.
You can see all bidder actions and statuses in Users -> All Users as a bird’s eye view:
When finished, close the bidding process.
You also have the option to send full and final emails or any other desired notification emails.
Download a log of bids for PSRA or legal purposes, containing the bid amount, the bid date, the bidder’s name and the bidder’s email address.