How To Bid At Commercial Real Estate Auctions
Auctions have switched from in-house commercial real estate auctions to virtual commercial real estate auctions. You can still find the odd auction house holding an actual auction in person, but they are not nearly as common as they used to be. Auctions, pretty much like everything, have gone online. What usually happens is that potential or prospective buyers log in and then attend, watch and bid on the auction, virtually but in real-time. This is how most of the online auctions take place, but there are also those auctions where buyers can send in a bid, with some guidelines from the auctioneers, and stand a chance of winning this way. The online platforms where online auctions are held are extremely safe and reputable, always linked to the online commercial real estate platform. The processes are similar to what they would be at real live auctions, but the online auctioneers guide the prospective buyers, in advance. Can someone else attend an auction for you? You can definitel...