What’s that? Residents can auction their parcels? Wow!
Last July we shared the news that Auctions had received a makeover. Today we are pleased to announce the launch of Resident to Resident Auctions! If you own parcels on the Mainland (not group land), you are now able to put them up for auction via your parcels’ Place Page.
You can set the parameters of your auction: start and end times, minimum bid, and the bid increment. If the auction attracts bidders, at the end time the winner gets the land automatically and the winning bid amount less the Auction Commission fee (15%) is automatically transferred to your balance.
Want to know more? We’ve created an Auctions Walkthrough to help. It will answer common questions and provide a detailed breakdown of how auctions work and what happens during the different stages of bidding.
Going once… going twice… SOLD!