Ten-X
RRE REVIEW –
4/5
USER REVIEWS –
Ten-X Overview
What is Ten-X?
Ten-X is a digital real estate platform that leverages technology to simplify and streamline the auction process of buying and selling commercial and residential investment properties. The platform provides a transparent, end-to-end solution, facilitating transactions online and offering tools for due diligence, financing, and closing. By fostering a more efficient marketplace, Ten-X simplified the auction process for real estate investment opportunities.
Ten-X is part of the CoStar Group.
Ten-X Products & Services
Ten-X provides a digital platform for buying and selling commercial and residential investment properties, offering end-to-end transaction management tools. The platform facilitates online auctions and traditional transactions, providing tools for property buyers discovery, due diligence, financing, and closing. In addition to their property listings, the Ten-X also has a filter to search for real estate mortgage notes available for sale.
Ten-X Features
| Feature | Details |
|---|---|
| Online Real Estate Marketplace | Facilitates buying and selling commercial and residential properties in an online auction format. |
| Diverse Property Types | Offers a wide range of properties including office, retail, industrial, and multi-family units. |
| Detailed Property Information | Provides comprehensive information and due diligence materials for listed properties. |
| Auction and Transaction Platform | Streamlines the property transaction process through an efficient online auction system. |
| Market Data and Insights | Offers access to market data and insights, assisting users in making informed decisions. |
| Customizable Search Filters | Advanced search options to filter properties by type, location, and investment profile. |
| Buyer and Seller Resources | Provides resources and tools for both buyers and sellers to navigate the property auction process. |
Ten-X Pricing
The Ten-X auction platform can be a great way for commercial property owners to generate great exposure and interest from qualified buyers. Pricing for property sellers to list and sell their property through the platform usually takes the form of a transaction fee which is explained below.
5% Transaction Fee
Ten-X does not charge upfront fees for listing a property on the platform, however, the property will first have to be reviewed and approved to go to auction. If approved, Ten-X will charge a transaction fee upon successful closing, which varies depending on the property/deal type. It is usually 5% of the buyer’s final offer price, and paid at closing. Other fees may apply depending on the property and agreed upon terms.
5% of Final Offer Price
Disclaimer: Products, services and pricing information is supplied by the provider or retrieved from publicly accessible pricing materials. Pricing updated February 2024
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Ten-X Reviews
Ten-X Review by RentalRealEstate
4/5
Cost – 4
Ease-of-Use – 4
Customer Service – 4
Tools & Resources – 4
Ten-X is the most popular commercial real estate auction platform. Its auction-based approach offers a fast-paced and potentially lucrative method for selling commercial properties. The platform’s reach to a nationwide pool of buyers increases the chances of a successful sale. However, the auction format may not be suitable for all property owners, and there’s also a learning curve in understanding how the auction process works.
Pros:
- Innovative auction-based selling approach.
- Access to a nationwide pool of buyers.
- Potential for fast and lucrative sales.
Cons:
- Not suitable for all sellers.
- Learning curve for the auction process.
- Fees associated with the platform.
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Ten-X User Reviews
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Ten-X Alternatives
Ten-X FAQ
Is Ten-X Legitimate?
Yes, Ten-X is a legitimate source for commercial real estate auctions. It has been around since 2009 and claims that 96% of properties go from list to close in 90 days on the Ten-X platform.
Who Owns Ten-X?
Ten-X is owned by the Costar Group, which is one of the largest real estate information, analytics, and online marketplace providers. Costar Group acquired Ten-X in 2020 for $190 million.
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