live bid

Sell in your timeframe with Live Bid

Live Bid is a Ten-X digital transaction solution. As a classic auction where buyers compete on price, Live Bid combines innovative technology with a standard transaction process to ensure certainty of close.

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HOW IT WORKS

Count on a fixed sales date

Live Bid uses engaging auction market dynamics to accelerate transactions and maximize value.

GETTING STARTED

Onboard + Collect Information

The seller and their preferred commercial broker work with the Ten-X team to set a reserve price and collect necessary financial information, as well as due diligence documentation.

List Your Asset

The Ten-X team will build out a comprehensive property detail page (PDP) on the platform. This includes professional photography, unique selling points and due diligence documents.

ATTRACT THE RIGHT BUYERS

Precision-Match Your Property

Our proprietary algorithms precision-match buyers from your custom lists, third-party sources and the Ten-X database of 400,000+ qualified commercial real estate investors.

Complimentary Asset Marketing

Ten-X will launch a multi-channel marketing campaign that includes print and digital ads, email, call campaigns, social media and more—at no cost to you.

Auction Registration

As prospective bidders become interested in your property, they register for the auction by submitting proof of funds on the platform.

LIVE AUCTION

The Auction Begins

Live Bid auctions are two-day events where approved buyers place bids online. Sellers get live updates and alerts during the Ten-X Live Bid process.

A Winning Bid Is Selected

In the last hour of the auction, the seller and their broker work with Ten-X to coordinate efforts. Once the winning buyer is notified, Ten-X coordinates the deposit of earnest money and begins the automated contracts and closing process.

PRODUCT BENEFITS

Meet your need for closing speed

Live Bid is a great solution for commercial sellers who need a secure transaction in a specific timeframe, are willing to meet market pricing and have a less complicated asset where contingencies are generally not needed.

Fixed sales date

To remove uncertainty around transaction timing for investors who need to close quickly, Live Bid auctions include a pre-defined auction date.

Global reach

Ten-X data science uncovers unknown, pre-qualified investors from around the world who want to move capital into the U.S.

Deeper insight

Investors can make an informed buying decision before auction day using best-in-class research and due diligence from Ten-X.

Streamlined process

Go from list to close in record time with state-of-the-art technology and unparalleled support from a dedicated, in-house team.

Maximum value

Brokers can spend more time focusing on what counts with auction market dynamics that maximize deal value.

Certainty of close

Qualified buyers and a standardized process increase the certainty of close, reducing risk for commercial real estate investors and brokers.

ADDITIONAL TRANSACTION SOLUTIONS
  • Offer Select

    Accelerate the traditional transaction process and watch in real-time as offers come in from pre-approved buyers.

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  • Managed Bid

    Get certainty of close with auction market dynamics that combine indicative bidding, buyer shortlisting and a final round auction.

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