COMMERCIAL REAL ESTATE AUCTION NEWS, INSIGHTS, EDUCATION AND STORIES

Home / How To / Winning a Bid on Ten-X: What Comes Next?

Winning a Bid on Ten-X: What Comes Next?


Illustration of a smiling man pumping his fist in the air with excitement

Congratulations! You were the winning bidder of today’s Ten-X auction. 

What comes next? 

You will receive a copy via email of the purchase and sale agreement (PSA) populated with your signatory information as entered in the issuing to contract section of your registration. 

The purchase and sale agreement, which you were provided in the data room prior to bidding, will now be populated with the purchase price and earnest money deposit amount

Once you have received this contract, you will have two hours from receipt to electronically sign, and 24 hours from receipt to wire the deposit. Once the contract is mutually executed and your deposit is received, the escrow officer will open escrow and all parties will work towards closing the transaction. 

We look forward to a seamless and expedited closing! 

Video Url

Introducing Buy Now: The Fastest Way to Transact CRE Online

Published: March 27, 2025

By Kim Phamvu – Ten-X Senior Manager, Product Management

Stay Informed

Subscribe to receive our auction news and insights

TRANSACT ON LOOPNET WITH AUCTIONS BY TEN-X
 
It's time to supercharge your property's visibility and attract the high-caliber tenants and buyers you're looking for. Let us guide you through our industry-leading marketing strategies to elevate your listings and get your property sold faster.
Image
Person with iPad
right_column
LEARN MORE ABOUT AUCTION SOLUTIONS
If you are a commercial real estate owner or broker looking to transact, contact us at 888-770-7332, Mon-Fri 10am-8pm ET or submit this form.
Name
Address