What are the typical timelines for Ten-X auctions?

The typical timelines for Ten-X auctions can vary depending on the specific property type and auction event, but generally, the process unfolds in several key stages. Once a property is listed for auction, prospective buyers are usually given a preview period, which typically lasts several days. This allows interested parties to conduct their due diligence and get familiar with the property details. The auction itself typically takes place over a designated timeframe that can span anywhere from a few days to a week. During this period, interested bidders can place their bids in real-time. After the auction concludes, there is usually a short closing period, often around thirty days, during which the successful bidder will finalize their purchase agreement and complete the transaction. For those considering participation, it is advisable to check the specific auction listing on the Ten-X website. This will provide detailed information about individual auctions, including timelines and any specific requirements or procedures that may be relevant to a particular property. Each listing can have its own unique schedule and guidelines, so being informed is essential.