This article explains how minimum increments work in an Openn Offer (private treaty) campaign
In an auction, a buyer will place a bid at an increment above the previous bid however, in an Openn Offer campaign the increment set by the agent is a minimum value that a buyer can improve on their own previous offer.
It is not dependant on the value of offers placed by other buyers.
In this example to the left of an offer timeline, the minimum increment value is $5,000 and price transparency is turned on.
Buyer 3843's first offer was $285k so the next offer Buyer 3843 makes has to be at the minimum increment of $5,000 or more and therefore their next offer is $290k.
Copy and paste the below template to send to buyer to explain how the minimum offer increment affects them.
In an Openn Offer campaign, the agent sets the increment at the minimum value that you (the buyer) can improve on. This is based on YOUR previous offer – not on the offers of other buyers. You will only improve on YOUR offer. Let me know if you need more clarification.