Red River Hub is a peer-to-peer transaction platform and not an auction site.
Red River Hub allows you to perform your most familiar oil and gas transactions within an organized and secure digital environment, while at the same time allowing you to only field offers and negotiate with an approved and vetted pool of buyers.
Like any traditional offer and acceptance process, once you receive an initial offer to any listing on the Red River Hub platform your negotiation process begins. Both parties to the offer will negotiate until an agreement to terms is reached and a transaction is created.
Should you receive offers significantly below your price per acre, you can of course counter the offer, but you may also communicate to the potential buyer via the "chat" tool any message you would like to convey regarding pricing or terms, and if a particular buyer continues to bother you with low offers or unacceptable terms, you can 'block' that buyer.
