Auction.com vs. LoopNet

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.

Incentivized

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.

Incentivized

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

Incentivized

• 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

Incentivized

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

Incentivized

• There are often glitches on the sight from the searching to report pulling process
• The alert function for saved searches is very rarely functional
• The database search is often glitchy if you put in a high price limit, and no low price limit

Incentivized

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!

Incentivized

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.

Incentivized

I have not used any alternatives to Auction.com

Incentivized

They are brother and sister. We used to have to input listings into both COSTAR and LoopNet and now they go hand in hand. If you use COSTAR, your listings automatically pop up on LoopNet. If an owner puts properties up themselves on LoopNet, they automatically show up on COSTAR. This is a great feature and listing marketing is better since this integration.

Incentivized

• 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.

Incentivized

• The impact has been negative (as in worse than not having an effect), due to their inability to list simple details (that are commonly available through well known sources).
• What's even worse is that I am one of the data sources from which they source the information they advertise. But they are unwilling to take input from me (the one who hired them in the first place).