While Ten-X is headquartered in the United States, we work with CRE professionals around the world. We market each property to receive maximum exposure and ensure it reaches the right audience, at the right time, at the right place—and in some cases, that may mean attracting international buyers.
No matter where you’re located, we have a simple and streamlined bidder registration process.
International bidder registration criteria—does your bank have a US branch?
Don’t worry—regardless of the answer, you can still participate in a Ten-X auction. But depending on your bank, you may need to take one additional step.
- If your bank does have a US branch, there are no additional steps to your bidder registration process.
-
If your bank does not have a US branch, you will undergo our bidder registration process and provide your proof of funds as usual, but you will also need to provide a $100k participation deposit.
How to register as an international bidder
If your bank has a US branch
Good news! Your process will not change. You can register to bid through our normal process.
In order to register to bid in a Ten-X auction, you first must have a Ten-X account. If you don’t have an account, you can read about our registration process in the Ten-X Help Center.
- Visit the property’s listing page and click the “Register to Bid” button.
If you aren’t currently logged into your Ten-X account, you will need to sign in to continue. - Provide proof of funds.
You can link your bank account through Stripe or manually upload proof of funds documents. For more information, visit our proof of funds guide. - Add legal entity information and broker representation, if applicable.
This tells Ten-X to whom we should issue the Purchase and Sale Agreement (PSA) should you win the auction. - Accept our Participation Terms and Conditions.
You must do this before you can participate in an auction.
Still have questions? See the process firsthand in a short video about bidder registration.
If your bank does not have a US branch
You will follow the same bidder registration process listed in the above section. However, you will also need to provide a participation deposit via wire transfer. This deposit is completely refundable if you do are not the winning buyer in the auction.
Here are a few things to know about this deposit:
- The deposit must be received by the servicer at least 3 business days before you place a bid.
- The participation deposit will be held in the servicer’s non-interest bearing trust account until the end of the auction.
- If you no longer intend to participate in our auction, you can withdraw as a participant and request a refund of your participation deposit at any point prior to submitting an offer. You can do this by contacting the servicer’s office by mail or fax with a written statement of cancellation and a request for the return of your deposit.
If you are the winning bidder, this deposit will transfer to the escrow/closing agent after the auction has ended, and will serve as part of your earnest money deposit (EMD) for the property.
If you are not the winning buyer, this deposit will be returned to you within 7 business days.
What comes next?
Once you’ve successfully placed the winning bid and the auction has ended, it’s time to close. You can read more about this process in our guide to closing for Ten-X buyers.