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is AUCTION.COM REALLY GONE?

Investors and homeowners who wish to learn more about the many options represented by Ten-X Homes can attend personalized training sessions in their local areas! Contact kdooley.pta@auction.com for details on how to attend a training event FOR FREE in your area, and tell her REI Today sent you!

Online auction mega-platform Auction.com is changing its name, and its offerings along with it. According to the auction website formerly known as Auction.com, the new brand, Ten-X Homes, will not only offer real estate via auction, but also sell homes via a more traditional non-auction process that, in its own words, “takes the components of an offline sale and uses technology to make the process faster and more transparent.” The platform uses a feature called “Transaction Manager” to take agents, buyers, and sellers through all the steps of a traditional real estate sale from accepting the offer to closing, and all offers, counteroffers, and other details are managed online in real time.”

The goal of the change, explained Ten-X chief marketing officer Rick Sharga, is to eliminate confusion about who is responsible for which tasks, whether they’re due or not, and whether or not they’re done. He predicted that Ten-X Homes will appeal to both institutional and individual investors who want to sell their move-in ready homes as well as those who want to get great deals by buying at auction. Investors can choose to use an online auction process or the non-auction option.

Investors and homeowners who wish to learn more about the many options represented by Ten-X Homes can attend personalized training sessions in their local areas! Contact kdooley.pta@auction.com for details on how to attend a training event FOR FREE in your area, and tell her REI Today sent you!

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About the Author

Carole Ellis is the host of Real Estate Investing Today, a popular 9-minute daily podcast focused on educating real estate investors about the important topics that will make their investing SAFER, FASTER, and MORE PROFITABLE. She's also the editor of the Bryan Ellis Investing Letter. She has more than a decade's worth of experience in and reporting on the real estate industry and, additionally, has written dozens of courses on the topic. Carole lives in Kennesaw with her husband, Bryan, and four children. She believes wholeheartedly that your best investment is always your OWN education.

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