A resale allows one user (the “Owner”) to sell an item they purchased or won on The Realest to another user (the “Buyer”).
How items become available for resale
- Auction items: Once the purchase invoice has been paid, the item is automatically listed for resale.
- Giveaways: Once the winner registers the item to their account, it is listed as an available resale item.
All resale items can be found on The Realest’s Marketplace, either labeled Make Offer (offers allowed) or Instant Buy (fixed price).
The resale process
- Buyer makes an offer (or selects Instant Buy)
- For “Make Offer” items, offers must meet the Owner’s minimum threshold. By default, this is set at the original purchase price + 20%, though Owners can adjust this amount in their account settings.
- “Instant Buy” items have a fixed price instead of an offer process.
- Owner reviews the offer
- Owners are notified immediately and have 72 hours to accept, decline, or counter.
- Usernames are never shared, keeping transactions anonymous.
- Payment and shipping
- Once an offer is accepted, the Buyer pays the invoice.
- Typically, The Realest provides the Owner with a shipping label to send the item to us for re-authentication.
- Re-Authentication
- When the item arrives at our facility, we reverify authenticity and condition. Once approved, the item is released for shipment to the Buyer who becomes the new Owner, payment is released to the previous Owner, and the item can once again be listed for resale.
Alternative resale scenario
In some cases, an auction item may be resold before it has shipped to the original Owner. When this happens:
- The original Owner is refunded the shipping charge they initially paid.
- The Realest processes the resale directly, without the original Owner needing to receive, re-ship, or re-submit the item for authentication.
- This ensures a faster and smoother transfer to the new Buyer.
For details on fees and charges associated with resale transactions, please see this article.