Thinking about selling your property through a real estate online auction? You’re not alone. As more sellers turn to digital platforms for faster, more reliable sales, online auctions have emerged as a smart solution—especially for commercial real estate.
In this blog, we’ll break down how online auctions work, why they’re effective, and what you need to know to decide if it’s the right move for your property.
Why Choose a Real Estate Online Auction?
Speed and Efficiency in Real Estate Online Auction Closings
Unlike traditional listings that may drag on for months, real estate online auctions offer closings in as little as 30 to 60 days. This is possible thanks to streamlined digital platforms like Ten-X, LoopNet, and RI Marketplace, which expose your property to a wide range of ready and qualified buyers.
Certainty of Closing with Verified Buyers
One of the top benefits of a real estate online auction is buyer verification. Interested parties must present proof of funds, submit a non-refundable deposit, and provide a history of successful transactions before being allowed to participate. This ensures only serious buyers are bidding, giving sellers peace of mind.
How it Works
Due Diligence and “As-Is” Sales
Once your property is listed, a digital “deal room” is created containing all essential documents—title reports, inspection records, rent rolls, etc. Buyers purchase properties as-is, meaning minimal post-auction negotiations or back-outs.
Transparent, Competitive Bidding
During the auction period, bids are visible in real-time. This creates a competitive environment where the highest fair market value can be reached naturally. If your set reserve price is met, you’re obligated to close—and so is the buyer.
Key Reasons to Consider a Real Estate Online Auction
- Speed to Market – Close in 30 to 60 days
- Surety of Close – All buyers are pre-qualified
- Transparent Process – Bidding is visible in real-time
- Broad Exposure – National and even global reach
- Low Hassle – “As-is” transactions limit contingencies
Real Estate Online Auction Platforms to Explore
If you’re ready to explore your options in selling your commercial real estate properties, consider using industry-trusted platforms such as:
Why You Need a Trusted CRE Broker for Your Real Estate Online Auction
Working with a trusted commercial real estate (CRE) broker is essential when considering a real estate online auction, especially for high-value commercial properties. An experienced broker just like Larry Emmons brings industry knowledge, platform expertise, and negotiation skills that can significantly impact your outcome.
They help you select the right auction platform, establish a realistic reserve price, prepare professional marketing materials, and navigate complex due diligence requirements. A CRE broker also vets buyers, anticipates red flags, and ensures that your property is presented in the best light to attract qualified, competitive bidders.
Without a broker, you risk leaving money on the table or facing legal and transactional pitfalls that could delay or derail your sale.
Conclusion
Selling your commercial property doesn’t need to be a drawn-out process. A real estate online auction gives you speed, security, and broad exposure to qualified buyers. With the guidance of a trusted CRE broker, your property has the best chance of closing quickly and profitably.
Ready to list your property for auction? Contact Larry Emmons today and take the first step toward a faster, smarter sale.
