The Latest Advantages of Online Real Estate Auctions

Shanahan: “One of the common misconceptions in the industry is that if a property is marketed for auction, there is something negative about it; it’s a troubled or somehow distressed real estate asset. This is not necessarily the case.”

CARLSBAD, CA—Combining the effectiveness of online platforms with the date-certain nature of real estate auctions really speaks to the needs of sellers, Real Capital Markets’ executive managing director Steve Shanahan tells GlobeSt.com. The firm recently launched an updated version of its online auction program, adding flexible pricing and compensation structures to significantly reduce disposition fees for sellers.

The program leverages RCM’s database of 245,000 commercial real estate and investment-industry professionals—and 55,000 qualified principals—and utilizes the firm’s extensive technology resources to streamline the auction process for investors. The program also ties compensation to a successful auction outcome, a feature many investors are seeking.