In a market where uncertainty rules, finding a buyer with the cash to pull the trigger and closing the deal fast are top priorities.
Online auction platforms only handle about 1% of the annual CRE sales transaction volume, but recent activity—hotels are flipping like hot cakes in digital auctions—signals that auction platforms are ready for prime time.
"The market is still in the early adopter phase for online auctions, but we're now at an inflection point," Ten-X CEO Steve Jacobs told Globe St. "The auctions sector is poised [for] mainstream adoption. Particularly in the current [economy], where speed and certainty are paramount to getting deals done."
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