CRE Brokers: Has anyone done a successful auction on one of the listing platforms?
How did you sell your client on the idea? What asset type did you do it for? What extra costs did you incur?
[{"id": "izvwdhe", "text": "Just hit up ten-x they have professional sales people that will sell your client on the idea. You just need to be there and be able to setup the meeting. \n\nYou still get paid your fee", "replies": [{"id": "izwjrcm", "text": "Have you done a successful auction before? \n\nAre any extra costs incurred? Ten-X would market the property and auction date, their service isn\u2019t free I would think.", "replies": [{"id": "izy70t0", "text": "Buyer pays the ten-x fee (which is the extra fee you\u2019re referring to). This will most likely impact pricing. They also don\u2019t do exclusions so keep that in mind. Just call them and ask everything you want answered.", "replies": [], "depth": 3}, {"id": "j0r6ggv", "text": "Sounds like he hasn\u2019t successfully completed a transaction on there. We have a shop of 100+ brokers and have never had anyone successfully sell an asset on ten-x, however we also don\u2019t really use it.  We opt for Crexi as our third part site do drive leads, and occasionally RCM if the potential fee is high enough, but neither of those are auction.", "replies": [{"id": "j0ri4b2", "text": "Crexi has an auction platform but not sure how good it is. Never met anyone who has closed a deal on any of these auction sites. I don\u2019t think it\u2019s as easy as 1-2-3 but I could be wrong.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]