Henry County Surplus Sale Training

This training article is for Henry County Surplus Sale only, there may be different registration requirements and bidding methods for different counties in Tennessee. Follow these steps to successfully register with GovEase for the upcoming Henry County TN Surplus Sale. 

A Tennessee Surplus Sale differs from a Tennessee delinquent tax sale. In a Surplus Sale, the county is soliciting offers for quitclaim deeds to real estate parcels previously struck off to the county in a delinquent tax sale. This type of sale consists of a "First Offer Period" and a "Final Offer Period". If you have previously registered with GovEase, there is no need to create another account however, you will have to upload or electronically sign all the required documents. For Tennesse County Contact information click here TN Contact Information

First Offer Period

Registered and approved bidders may make offers on parcels beginning June 22nd, 2020 at 8:00 a.m. CDT and ending on June 26th, 2020 at 5:00 p.m. CDT. This is referred to as the First Offer Period.
The highest offer made on each parcel during the First Offer Period may be conditionally accepted by the county; but the offer will not be final and the parcel considered sold until the conclusion of the Final Offer Period.
Parcels that do not receive an offer during the First Offer Period will not be relisted during the Final Offer Period; therefore, parties interested in making an offer on a parcel are encouraged to do so during the First Offer Period.

Final Offer Period

Beginning June 29th, 2020 at 8:00 a.m. CDT and ending July 17th, 2020 at 5:00 p.m. CDT, registered and approved bidders will have the opportunity to raise the highest offer made on each parcel by at least 10%. This is referred to as the Final Offer Period.

The winning bidder for a parcel is the person with the highest dollar bid at the conclusion of the Final Offer Period. If no bids are made on a parcel during the Final Offer Period, the winning bidder is the high offeror from the First Offer Period.

First Time Registering? Follow These Steps:

1. Visit Govease.com

2. Click Sign Up/Log In at the top right

3. Click Sign Up Now!

4. Complete all fields that apply to you. Then proceed to auction registration.

5. Click on Register/Add Auctions under My Account

6. Click on Register beside the Auction you want to participate in

7. For Henry County Surplus Sale, you will need to either upload or E-sign the documents. Be sure to read over the Terms and Conditions Document.

8. If you are unable to upload documents, you might be able to send by email or mail, give the county a call with the phone number on that page to see what's best.

9. If you have uploaded a bank letter with an amount, and have all the other documents the county will approve you for that amount. If you need a different approval amount, please call the county with the number provided.

10. Once the county has approved you, visit the My Registrations page to check your approval status and verify your total approved dollar amount.

11. Once it says Approved next to the Auction you signed up for, then you are good to place a bid in that county when bidding begins.

Placing Bids (Offers)

Follow these steps to place offer during the "First Offer Period" and the "Final Offer Period". During the "First Offer Period," the auction time will run from June 22nd at 8:00 AM CDT until June 26th at 5:00 PM CDT. Also, it is important to remember you will not be able to place bids until you have been approved by Henry County.

First Offer Period

1. Log in and click on the Auctions tab. 

2. Click on the Parcel Number that you are wanting to bid on. Each parcel will start at $200. 

3. Click "Place Bid". You can place your total bid amount in the Box next to Place Bid. Put in the total you are willing to go to, then click Place Bid.

4. Another option is to "+$5 Quick Bid",  this will option will add five dollars to "My Max Bid".

5. View your screen to see if you are winning (in green) or if you have been outbid (in red)

Final Offer Period

During the "Final Offer Period", the auction. The parcels that had a bid from the First Offer Period will now be offered during the Final Offer Period for 10% more than the high bid from the First Offer Period. 

 1. Log in and click on the Auctions tab. 

2. Click on the Parcel Number that you are wanting to bid on.  
3. Click "Place Bid". You can place your total bid amount in the box next to Place Bid. Put in the total amount you are willing to go to, then click Place Bid.
4. Another option is to "+$5 Quick Bid",  this will option will add five dollars to "My Max Bid".
5. View your screen to see if you are winning (in green) or if you have been outbid (in red)

*It is important to note that towards the end of the auction time for the Final Offer Period, if there is a bid placed within the last 2 minutes then the clock will go back to 2 minutes. 

To See a Detailed Video On Getting Registered and Placing Bids Please View the Training Video Below:

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