Financial Institutions
Offload underperforming assets. Maximize returns. Restructure your portfolio for optimal performance. Our streamlined auction process delivers fast sales and top market value for commercial properties and notes, both performing and non-performing. Achieve your ROI goals and reduce the holding costs dragging down your financials.
Limited-Time Offer: Waived Upfront Fees
In an effort to support our financial institution partners during these challenging times, we are waiving all REO upfront fees for a limited period. This initiative is designed to provide immediate relief and encourage institutions to take proactive steps in portfolio optimization.
Municipalities
Turn city-owned liabilities into community investment. Auctions generate fair market value and attract a broad buyer pool, ensuring the best sale price for your municipality, not to mention attention from expanding businesses and revitalization of underutilized properties.
Upgrade Your Community
Clearing out excess real estate is a great way to provide capital for municipal projects without spending a single tax dollar. That empty building could pay for a community pickleball court, and cash from this vacant lot will buy new playground equipment!
Real Estate Agents & Brokers
Streamline the sales process for your clients' properties with our user-friendly online auction platform. Designed specifically for brokers, our platform offers an expedited sales cycle, ensuring your listings gain maximum exposure to qualified buyers, swiftly and efficiently.
No Buyer Fees
Attract a broader range of potential buyers with the added advantage of no buyer fees, removing financial barriers and fostering a competitive bidding environment.
Retain The Listing
If you want to continue to handle inquiries and show the property, we can set up a listing broker partnership. Our success fee for this structure is only 3% of the sale price, significantly lower than traditional methods and competitors. This cost-effective approach maximizes your client's return while ensuring you retain a competitive edge.
Refer It To OpenCRE
For brokers that would like to hand the deal off and get a check in the mail when it closes, you can refer the listing to our team and we will take it from there! You will get a 20% referral fee at closing, and we handle everything else!
Commercial Property Owners
Get the highest price for your property. Attract serious buyers. Auctions create a competitive atmosphere, pushing potential buyers to make their best offers. Benefit from accelerated timelines and the ease of a streamlined process.
Competitive Auction Fees
With no buyer premium and an auction success fee of only 6%, you and the buyer are both saving money. That means more interest and higher bids!
Ready to sell for the highest and best?
CHOOSE THE PERFECT PLAN
We have multiple options available. Each plan comes with premium service, so pick the one that is right for you!
Streamlined Auction
$2,500 $0
For A Limited Time (absolute auctions only)
6% AT CLOSING
- Full Marketing Package
- Included On Blitz Auction Marketing
- Professional Photography / Drone Footage
- 3D Virtual Property Tour
- Targeted Multi-Channel Distribution
- Customized Marketing Strategy
- Remote Showing System
- Title Search Via Token Title
- Expedited Transaction With Standardized Agreements
- Auction Platform Listing
Standard Professional Listing
$650 UP FRONT
6% AT CLOSING
- Full Marketing Package
- Exclusive Seller Representation
- Professional Photography / Drone Footage
- 3D Virtual Property Tour
- Targeted Multi-Channel Distribution
- Customized Marketing Strategy
- Remote Showing System
- Negotiation Assistance and Deal Structuring
- Document Portal Access
- Optional Add-Ons:
- Title Search Via Token Title
How To Successful Sell Commercial Real Estate
Target The Right Audience
Every piece of real estate is unique, and the best type of user for one building is not the same as the best user for another. OpenCRE utilizes a variety of marketing channels to put your property in front of the right people, improving your exposure to buyers that are actually looking for what you are selling.
Price Your Commercial Property Correctly
We aggregate commercial property sales data from many different sources, and utilize proprietary formulas to generate a report suggesting the best listing price range for your commercial building. One of our team members then reviews the report, adjusts it to account for unique aspects of your specific property, and then we move forward with the listing. Our commercial real estate listing prices are backed by data and adjusted as the industry changes. Choose the team that excels the commercial real estate industry and modern technology.
Leverage Real Estate Technology
The world is moving faster and faster, and throwing up a sign in the front yard to sell a property just isn't going to cut it anymore. We built our own technology stack specifically for commercial real estate, which lets us provide the best possible service to our customers, prospective buyers, and potential tenants. From remote property access, to instant purchase agreement and lease generation, to dynamic marketing and more, you need a team that understands the way today's buyers want to shop.
Make Closings Accessible From Anywhere In The World
If you have ever spent an afternoon awkwardly sitting around a closing table waiting for funds to clear, you will understand why we couldn't wait to make that a thing of the past. OpenCRE leverages modern technology for every aspect of the transaction, including electronically signing agreements, utilizing remote notaries over webcam for signing deeds, and providing virtual commercial property tours for all of our listings. Buyers and Sellers can now work together from anywhere in the world, without being required to coordinate in person meetings or signing sessions. That means your transaction will move much faster, with less stress for both parties.
Create Visibility To An International Market
Our commercial real estate and equipment auction platform reaches buyers both locally and around the world. This means more eyes on your listing, which means a higher sales price on auction day. Our team will customize a marketing strategy for each listing to get it in front of the people most likely to be looking for what you have.
Show Virtually Via Digital Property Twins
Our professional photography team creates a digital twin of your property, which allows buyers to virtually tour both the inside and outside of your building, from anywhere in the world. They can move through the building as if they were actually there, understand the layout, and plan their future renovations, all before ever setting foot in Michigan. More potential buyers looking at your property means it will sell faster, and for a better price than it would otherwise.
Instant Remote Access Showing System
It is well known in the sales world that the optimal time to respond to a lead is within the first 5 minutes of them reaching out. When a buyer decides they are ready to look at a property, they want to see it NOW. Our proprietary remote access showing system allows our team to verify the identity of a prospective buyer, issue an access code, confirm entry and exit on camera, and then delete the access code, all within a matter of minutes. In a few days, when other brokers are still getting around to responding to showing requests left on their voicemail, we have already negotiated a deal and signed the paperwork.
In House Title Insurance & Escrow
We needed a commercial title company that works the way we do. Fast, efficient, and from anywhere in the world. When we couldn't find one, we created it! Utilizing Token Title, our in house title company, you can be sure your transaction will be smooth and seamless. With remote notarizations over video chat, e-signing for general documents, and same day wire transfers and funds processing, it doesn't get much easier!