A typical online CRE auction culminates with all of the interested buyers placing bids on an asset during a live online auction event. These auctions, which are open to all registered bidders, are commonly referred to as “live bid” auctions. Sometimes, however, sellers and brokers employ a different sales method called a “managed bid,” which typically results in only the most qualified pool of prospective purchasers advancing to the final auction.
What CRE Buyers Need to Know About Live Bid and Managed Bid Online Auctions
Why Sellers and Brokers Employ the Managed Bid Process for Online Auctions
LoopNet
October 27, 2020 | 6:59 P.M.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In