RealtyBid.com Reports Good News In The Housing Market
November 5, 2008
Loading ...
Leader in online home auctions received 6,000+ bids during one six-hour period on its way to largest sales month ever
There is some positive news regarding the weakened housing market. The good news is that there are still thousands of buyers with a large appetite for appropriately-priced homes. And, the growing success of RealtyBid.com is proof positive that motivated sellers and happy buyers are connecting. RealtyBid.com announced today that October was the company’s most successful sales month ever with an almost 75 percent jump in sales over October 2007 and an almost 43 percent jump over its previous record sales month.
We sold almost 600 homes during a 21-day time period during the month of October. Our online auction process encourages people to get involved in bidding and place an offer at their price. The transparency of seeing the bids of other potential buyers gives comfort to the buying public in a time when confidence in the housing market is on edge.
During a single October auction event, 366 bank-owned homes were up for bid and received a record number of bids. During the last six hours of that event, we recorded more than 6,000 bids on those homes. More than 82 percent of the homes in that auction event received bids.
My business partner and co-founder of RealtyBid.com, Executive Vice President Mike Keracher, says the transparency of online bidding on RealtyBid.com helps foster consumer confidence.
Mike says, “Our approach to selling real estate, primarily foreclosures, is completely transparent; all parties are able to monitor their bids and properties of interest at all times. People don’t trust the marketplace right now, but our system allows buyers to compete fairly at their own price. They can see visible market value being established right before their eyes. There is no guesswork. We deal with real offers from real people with real money.”
Thousands of homes are available each month on RealtyBid.com from the nation’s largest lenders, builders and real estate brokerage firms. RealtyBid.com has sold over 16,000 homes online and was ranked as the country’s number one sales team in team sides in the 2007 Lore Magazine/Wall Street Journal/Real Trends “Real Estate Top 200.”
RealtyBid.com Tapped To Auction 2,000+ Foreclosures
October 3, 2008
In the wake of the country’s current financial crisis, RealtyBid.com, the nation’s leader in online home auctions, has been tapped to auction more than 2,000 properties during the month of October for one of the nation’s top lenders. This volume of properties represents an increase of more than three times the typical volume of REO homes (bank-owned foreclosures) auctioned via RealtyBid.com for this particular bank client during a typical month.
CLICK TO READ THE REST OF THE STORY »
RealtyBid.com And The Explosion Of Online Home Auctions
September 4, 2008
Acceptance By Real Estate Agents Has Been Vital In The Surge Of Internet Auction Technology
In the upcoming October issue of REOMAC Update, the official national publication of the Association of Real Estate Owned Managers and a trade publication that focuses on the world of REO and foreclosure property disposition, RealtyBid.com Co-founder and Executive Vice President Mike Keracher writes about the current explosion of online real estate auctions. He talks about the fact that when RealtyBid.com began auctioning properties online in 2001, we were the only game in town…“most likely because no one at the time believed people would buy real estate online,” Mike notes.
CLICK TO READ THE REST OF THE STORY »
Agents Are Backbone Of RealtyBid.com
August 15, 2008
Real estate agents are the backbone of RealtyBid.com’s success. Our site serves as a valuable complement to traditional real estate sales techniques for agents looking to give their properties that extra edge in today’s real estate market. As sellers and buyers become more and more comfortable doing business over the Internet, agents are looking to RealtyBid.com as a technology solution for their slower moving listings. Simply put, RealtyBid.com uses online real estate auctions as a way to sell properties faster.
CLICK TO READ THE REST OF THE STORY »
Access To Properties Always Free At RealtyBid.com
August 7, 2008
There seems to be a flood of new websites offering a glimpse into the world of buying foreclosure homes. The problem is that all you really get is a glimpse. You’re not able to fully investigate the property—that is unless you pay a fee. I think that’s one of the things that has made online home auctions on RealtyBid.com appealing to so many bidders and agents—online access to all property details is, and always has been, free. In fact, bidding on properties is free too.
CLICK TO READ THE REST OF THE STORY »
Foreclosures Continue To Rise
July 25, 2008
Home Buyers Look To RealtyBid.com For Online Home Auction Deals
The news today continued to be discouraging in terms of the numbers of foreclosures befalling our country. The news media reported today that foreclosure notices more than doubled from a year ago.
CLICK TO READ THE REST OF THE STORY »
RealtyBid.com Thrives Despite Down Economy
July 16, 2008
Despite persistent news of a weakening economy, RealtyBid.com, the nation’s leader in online home auctions, is still thriving. Second quarter results have confirmed expectations that company performance during the first six months of 2008 outpaced the first half of 2007, which had itself been a record-shattering year for the company.
CLICK TO READ THE REST OF THE STORY »
Foreclosures From A Credible Source
June 27, 2008
As the foreclosure crisis in America continues to expand, each month brings at least one new entity that claims to be able to help you find the perfect foreclosure bargain—for a price, of course.
Seeing new websites that charge to deliver foreclosure home information to their customers come online by the handfuls only reinforces the very aspects of RealtyBid.com of which I have always been proud.
CLICK TO READ THE REST OF THE STORY »
The Continuing Appeal of Foreclosures, RealtyBid.com
June 20, 2008
About a month and a half ago, I discussed how interest in foreclosures and real estate investing is drawing record numbers of visitors to RealtyBid.com and online home auctions. Well, I wanted to give you an update on the growth we are seeing because it is certainly not slowing down.
Back in May, I addressed how a growing number of people are seeking real estate bargains—phenomenal home deals—through RealtyBid.com. Many visitors are drawn to the hundreds of bank-owned foreclosure properties that populate our site. Both April and May have been record months for RealtyBid.com in terms of unique visits to the online real estate auction site, but right now June is on track to obliterate our latest record from May. Projections for this month show that our unique visits should increase almost 46 percent last month’s record number and should increase more than 650 percent over June 2007—just a year ago!
I will keep you posted regarding the interest in RealtyBid.com by investors, home buyers, and agents over the coming months.
Foreclosures, Other Home Bargains Fuel Buyer’s Market
June 9, 2008
The real estate market may be down, but it’s certainly not out. As one recent real estate-centered article stated, “A down residential home market doesn’t mean there’s no market at all.” That’s certainly been the case for RealtyBid.com, where we are on pace to break our record sales numbers of 2007
Within the same real estate article mentioned above, one real estate agent said, “Real estate hasn’t stopped; it continues…You have to be careful and informed to make intelligent decisions in this market. Today’s market rewards informed decisions.”
CLICK TO READ THE REST OF THE STORY »
Comments