What users are saying about
1 Rating
8 Ratings
1 Rating
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Score 10 out of 100
8 Ratings
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Score 7.2 out of 100

Attribute Ratings

  • Auction.com is rated higher in 2 areas: Likelihood to Recommend, Support Rating

Likelihood to Recommend

10.0

Auction.com

100%
1 Rating
7.0

LoopNet

70%
6 Ratings

Support Rating

10.0

Auction.com

100%
2 Ratings
6.5

LoopNet

65%
5 Ratings

Likelihood to Recommend

Ten-X

Auction.com is well suited for an event, which has a silent and live auction. I can't imagine hosting an event without being able to swipe guests credit cards and being able to generate invoices. Entering winning bids at the event is easy and can be done on multiple computers - then merged onto one to run the necessary invoices, distribution sheets, and reports. Running a report on the items not bid on allows you to verify that you have entered all the bid sheets.
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CoStar Group

LoopNet is well suited for many different industries. Obviously it is great for real estate professionals or real estate buyers when researching properties that are available or may become available. The history of the properties provided is excellent and provides details that would be very helpful to the real estate industry. Facility Service companies are also well suited for the use of LoopNet. With the property information it provides it makes it much easier to get to the decision-makers when selling facility services or products. LoopNet may be less appropriate for product sales as these providers may need to be more connected with the occupants of the properties more than the owners.
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Pros

Ten-X

  • Entering auction items and guests is very easy.
  • The assigning of table seating function makes doing table seating easy and easy to change.
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CoStar Group

  • Immediate alerts can be set up for new listings that meet your criteria
  • You can map an area you are interested in searching
  • The report writing has some decent functionality
  • You can email prospects about your listing
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Cons

Ten-X

  • The reports could be made easier to run.
  • The training on the system could be better.
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CoStar Group

  • LoopNet needs to do a better job of sifting through to delete old and stale listings. These listings are inaccurate and clutter a report to lower its credibility.
  • I am not a fan of the reporting. As a broker, I can make sense of the reports but the public is not always as savvy.
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Pricing Details

Auction.com

Starting Price

Editions & Modules

Auction.com editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    LoopNet

    Starting Price

    Editions & Modules

    LoopNet editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Support Rating

      Ten-X

      Support is where Auction.com shines. Their support team is incredible. On the day of the event, you can count on them to be on the other end of the phone when you call and to fix issues that you have. They are all very knowledgeable and understanding. They will walk you through any issues or actually make the changes remotely for you. I have nothing but praise for their support!
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      CoStar Group

      LoopNet/CoStar representatives are ready to help and willing to come out to the office to give presentations or meet with the team at any time. They are a valuable resource when you are trying to utilize the program to its fullest advantage.
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      Alternatives Considered

      Ten-X

      I have not used any alternatives to Auction.com
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      CoStar Group

      LoopNet is the most well known, with the widest audience. This is why I selected it. But, they cannot get the simplest of details correct for the purpose of advertising the listings I have for sale. When they can't get even a unit count correct, why bother? Not to mention that getting those sorts of core details wrong is actually damaging to the marketing efforts.
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      Return on Investment

      Ten-X

      • The system has enabled us to see which items bring in the most money so that we can focus on getting those items.
      • It also shows us which items don't sell, so we can quit wasting our time trying to secure them.
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      CoStar Group

      • Time saved in researching owners has helped our sales and ops teams greatly.
      • The ability to research properties from the computer in lieu of in-person is very helpful.
      • One person can research as many properties as a team of people in the field in a much quicker time frame.
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