For nearly 20 years, we’ve been on a mission to digitize the world of commercial real estate. From making transactions twice as fast and twice as certain through our online auctions to putting them in front of the world’s largest CRE marketplace on LoopNet, we’ve continually strived to revolutionize what it means to transact CRE online. 

We’re excited to enter a new era of online CRE transactions with Buy Now, now available on LoopNet. This groundbreaking new feature allows property owners, brokers, and investors to close deals even more quickly than before, with greater control and certainty.  

For the first time, qualified buyers can transact commercial real estate online instantly. 

What is Buy Now? 

Buy Now is a fast, safe, and secure transaction option that allows owners and investors to enter into a contract at a pre-determined purchase price. Owners and brokers set the desired list price when they enable the Buy Now feature on their listing. 

After underwriting the property, interested investors can click the “Buy Now” button displayed on the listing page to begin the buying process. To complete the transaction, they will complete the proof of funds requirement, review their signatory details, and e-sign the purchase agreement. It takes less than 10 minutes to secure the deal. 

Why Choose Buy Now? 

Buy Now is a fantastic opportunity for brokers, owners, and investors. Whether you’re seeking an even faster transaction or looking to expand your market, this new feature can be the answer. 

• The fastest way to transact CRE.  
  With Buy Now, your property can go from list to close up to 25% faster than a traditional auction. 
• Maintain the greatest control over your transaction.  
  Brokers and owners set the listing price, and investors will know exactly what they can expect to pay upfront. 
• An expanded marketplace.  
  LoopNet’s marketplace attracts 13 million unique visitors each month. By offering Buy Now as an additional transaction option, brokers and owners can expand their reach to a larger audience, and investors now have multiple options for how they can transact. 
• A new transaction method—with the same reliable process.  
  Buy Now transactions may not include auction day bidding, but every other step of the process is the same as our trusted online auctions, with a closing rate of 97% for properties under contract. From rigorous buyer qualification to thorough due diligence, we provide what you need to list, sell, and close with confidence. 

How to Use Buy Now 

Enabling Buy Now on your listing is quick and simple: 

1. List your property for auction on LoopNet. 
2. Set your desired Buy Now purchase price. 
3. Review and digitally sign the Purchase & Sale Agreement (PSA). 
4. Once the PSA is signed, the Buy Now button will appear on the listing. 

Read More: Buy Now User Guide for Brokers and Owners 

If you’re interested in purchasing a Buy Now property, you can do so in five simple steps: 

1. Sign the confidentiality agreement (CA) and review due diligence on the listing page. 
2. Get pre-qualified by clicking “Register to Bid” and completing the registration form. 
3. Once your registration is approved, click “Buy Now” to begin the buying process. 
4. Complete the transaction by digitally signing the purchase & sale agreement. 
5. Wire the earnest money deposit to escrow by 5pm the following business day. 

Read More: Buy Now User Guide for Investors 

Take Control of Your Next Transaction With Buy Now 

Browse Ten-X Auctions on LoopNet now to find your next Buy Now property. 

If you’re interested in exploring Buy Now for your listing, contact your broker or LoopNet representative today.