Auction And Ebay Articles

Bid4Assets Announces its New Real Estate-Only Auction Web Site and Real Estate Disposition Program

Silver Spring, MD (PRWEB) July 21, 2008 -- Bid4Assets (www.bid4assets.com), the nation's online auction expert in selling distressed assets since 1999, today announced its new real estate-only auction Web site, Bid4Homes(sm) (www.bid4homes.com), and its unique partnership with listing agents. Bid4Homes, which specializes in selling distressed real estate from banks, government agencies and private parties, is introducing a powerful new tool to accelerate the sale of REO properties, called the 3in1 Listing Program(sm). The 3in1 Listing Program is intended to maximize revenue and minimize holding time compared to traditional methods. Bid4Homes' unique 3in1 Listing Program combines the power of online auctions and the local expertise of real estate agents to triple the chances the property will sell. Bid4Homes will pay listing agents a commission on a successful sale.

This first phase in Bid4Homes' unique 3in1 Listing Program starts with an online auction, which usually takes less than 30 days. It is anticipated that improved residential and commercial properties and unimproved land will be auctioned on Bid4Homes. Properties will be in an online 'preview period' to give bidders time to conduct due diligence prior to the bidding period. During the preview period, Bid4Homes targets its best prospects from its subscriber group and uses the power of the Internet to instantaneously expose the properties to an exponentially greater number of buyers than on-the-ground auctions. More bidders drive higher prices. Bid4Assets, its new real estate-only Web site, Bid4Homes, and its partner RealtyTrac®, will expose properties to more than three million potential buyers, and that is just the first step in this unique selling process.

If the property doesn't sell through the initial online auction, Bid4Homes will support the efforts of the asset manager's real estate agent to sell it through traditional means--this is second phase in the Program. The properties will be listed on all three Web sites as a 'make an offer' sale. Bid4Homes will forward all inquiries and offers to the listing agent for the property. When listing a property with Bid4Homes, sellers pay nothing until a property is sold. The cost of selling property on the Web site is equivalent to using a real estate agent and considerably less than an on-the-ground auctioneer. "There is absolutely no risk to try this Program. Sellers only pay if the property sells, so why wouldn't banks give it a try?" said Lisa Lauroesch, vice president of business development and REO sales for Bid4Homes. Unlike some other online services, when a property is sold through Bid4Homes, the listing agent can earn a commission, regardless of what phase the property sells in. "Bid4Homes integrates online auctions with listing agents to provide end-to-end asset disposition services for banks and real estate sellers," said Lisa Lauroesch.

If the property doesn't sell in phases one or two of the Program, the third phase is to re-auction the property online. At this time, the asset manager will have a better understanding of what the market will bear and can take what he/she has learned about pricing and, together with Bid4Homes, develop a highly customized approach to getting the property sold. Bid4Homes also simplifies the transfer of property by providing a web-based service that brings together all of the information necessary for a smooth closing.

Bid4Assets and Bid4Homes have sold over 53,000 properties in 50 states since 1999. Since January 2008, 21 percent of listings in its auctions sold within 30 days, and 58 percent brought more than the asking price. "It only makes sense to capitalize on the efficiencies of the Internet particularly in a slow market. Online auctions have unlimited reach. Since the market became soft, almost 60 percent of all properties we've sold at Bid4Homes have been sold to out-of-state buyers. Greater reach means more bidders and more bidders mean more properties move quicker at higher prices," said Lisa Lauroesch. And she should know. Lauroesch has seen the real estate market in all types of conditions with her past experience at Freddie Mac, most recently as Senior Director of Offerings Development.

Lauroesch continued, "With a traditional agent, buyers hold the power to try to bid the price down, but since online auction bids are viewable, they encourage competitive bidding therefore driving prices up. That's ideal for the seller in any market."

In addition to bank-owned properties and properties from private sellers, Bid4Homes helps many federal, state and local government agencies dispose of forfeited, seized, surplus and tax-foreclosed properties. Some of its clients include the U.S. Marshals Service, the U.S. Department of the Treasury, the Department of Defense and more than 50 counties nationwide.

"We're excited to team up with Bid4Homes and its sister site Bid4Assets, which have experienced enormous success in the online real estate auction space, with more than 50,000 property sales in 50 states," said Rick Sharga, vice president of marketing for RealtyTrac. "There is tremendous value in this Program for the asset manager. The online technology pioneered by Bid4Homes wedded with the wide exposure available through RealtyTrac provides one of the best options for disposing of distressed properties."

As a leading online real estate auction expert in the REO industry, Lisa Lauroesch of Bid4Homes, alongside Rick Sharga of RealtyTrac, will be appearing on a panel at the upcoming 2008 Five-Star Default Servicing Conference and Expo in Dallas as an industry expert discussing how technology will significantly impact the future of real estate.

About Bid4Homes

Bid4Homes (http://www.bid4homes.com) is the real estate-only Web site from Bid4Assets, Inc., the nation's online auction expert in selling distressed assets since 1999 for government agencies, financial institutions, private sellers, bankruptcy attorneys, trustees, for sale by owners, real estate agents, brokerage firms and non-profits. Bid4Assets has had a legally binding real estate auction platform since 1999 and has more experience with online real estate auctions than any other online auction service in the country. More than 53,000 REO, forfeited, tax-foreclosed, and distressed properties have been sold through these sites including homes, unimproved land, commercial, residential and agricultural property.

Founded in 1999, Bid4Assets (http://www.bid4assets.com) developed one of the first sales platforms for government-controlled property on the Internet and formed its premier relationship with the U.S. Marshals Service. Bid4Assets has conducted sales of seized, surplus and non-strategic assets for more than 80 federal, state and local government agencies nationwide. Clients include the U.S. Marshals Service, the Department of Energy, U.S. Department of the Treasury, and many of the states and counties throughout the United States. The company is located in Silver Spring, Md., phone (301) 650-9193, fax (301) 650-9194.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip
It is a well known fact that the more pictures taken of an item, the better it will sell. Not only will you get more bids, but you will make a superior final profit.

You Need Ebay Auction Software To Make Money Through Ebay
There is not much that is needed for starting an eBay online auction business. Besides the right eBay auction software, you also need to have a computer, an internet access and of course, an eBay account. You also need to have a PayPal account as many buyers prefer making payments in credit cards. And if you have PayPal with you, you are sure to find an increased demand for the products on your eBay auction site.

Top 10 Reasons Responsible for EBay Auction
Are you finding that auction after auction fails to attract any bidders or buyers? Then Visit www.auction-extreme-package.com It happens to the best of us sometimes  take a good look at these things to see if any of them could be making your bidders avoid you.

Ebay Auctions- Helpful Article For Online Auctions
Finding specific information about Ebay Auctions might not be easy, but we have gathered very helpful and relevant information about the general subject matter, with the ultimate aim of helping you out. Even if your search is about another Ebay Auctions information, such as agriculture auction, b2b auction, Odessa auto auction or even Michigan online auction, this article will prove very helpful, without saying a lot.

Ebay Auction Selling Secrets - Using Ebay to Launch Your Very Own Highly Successful Website
Launching your very own successful website is the dream of many people worldwide because it is a new way to make money and be employed by oneself with little overhead. So, once you have your website you will need traffic to make it successful.

Ebay Auctions: Win An Auction
As you initially begin to sell in ebay auctions (http://www.auctiontrafficformula.com/), it can be daunting wondering how to obtain the largest number of individual viewers to see your postings. Naturally you must be certain to have complete and accurate descriptions and lots of good photos, but what else can you add to generate no-cost traffic which brings you a very large quantity of different visitors.

How Professional Ebay Auction Templates Can Boost Your Ebay Sales
Do you like to sell on eBay ? It's easy and fun, isn't it ? In fact, it's one of the easiest online business you can start almost overnight, without any major investments. That's the best thing about it.

RainWorx Auction Software Expands Sales for Independent Online Auction Websites
RainWorx Software released version 6.0 of their popular auction website application rwAuction Pro. RainWorx Auction Pro allows businesses to create an independent auction website with Standard and Reverse Auctions, Classifieds, RFQ, or Fixed Price Sales. Version 6.0 includes a completely rewritten invoice system for managing transactions between payers and payees for all users including website owner sales.

eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay
The Problem..

Ebay Car Auction Site ? Our Guide To Car Auctions On Ebay
An Introduction on eBay - eBay car auction site

Six Steps Towards Successful Buying at eBay Auctions Six Steps Towards Successful Buying at eBay Auctions
Buying on eBay can be very rewarding, either in terms of being able to pick up items cheaply or for hunting for hard to find items. Although generally the experience is good, there are instances where things can go badly wrong. These tips, based on experience over the last seven years, should help to avoid some of the potential pitfalls.

Personalization Patent Goes Up for Auction on eBay
Patent makes targeted marketing more precise.

Ebay Auctions: Some Of The Oddest Items Ever Auctioned
eBay has become the hotspot for people to sell strange items. Over the past few years, where eBay has grown from a virtually unknown web site to the leading online auction marketplace in the world, some very odd items and services have been offered up for auction on the site. Strangely enough, many of these strange items have sold for thousands even tens of thousands dollars. A few of these items have sold for six or seven figures as well. eBay does have a policy that it takes down any auctions that it sees as not legitimate, but still, it allows many of these strange auctions to take place. In fact, these strange auctions have become part of the culture in America as they appear in Late Night Television shows, comedic sketches, and in thou...

Ebay Auction Software: Automated Gold Mining For Auctions On Ebay And Elsewhere Using Software
You may already know how to grab great bargains on eBay and other auction websites because the titles are misspelled. In fact, you may spend a great deal of time hunting around for them, one by one. You may even know of a website or two that offers you a free list of these misspelt auction listings. Do you ever wonder if you're missing out on a bunch of them, just because it's too tedious to plow through them all by hand?