RealtyBid.com Rings in New Year With New Look, Site Enhancements

RISMEDIA, Jan. 24, 2007-According to CEO Tony Isbell, RealtyBid.com, an online real estate auction sales firm, rang in the New Year with a fresh look and a renewed commitment to client satisfaction with the launch of its updated Web site.

Isbell said, "After months of work and testing, 2007 marked the unveiling of RealtyBid.com's new appearance and enhanced features. In preparation for the launch of the expanded site, our technology staff undertook a vast implementation of user interface enhancements and technology upgrades that have made the site easier to navigate and more efficient for sellers, buyers and agents alike."

"Our customers expect only the best from our site, and we are committed to meeting their lofty expectations with state-of-the-art technology and exceptional customer service; these latest upgrades to our site are helping us further improve in both of these essential areas."

RealtyBid.com has been auctioning properties exclusively online since 2001 and, while bank-owned properties have been and continue to be a large and valued sector of the company's auction business, Isbell emphasized that RealtyBid.com has also successfully positioned itself as a useful accelerated sales tool for real estate agents. "The number of ‘agent-direct' properties we are auctioning on RealtyBid.com continues to multiply. We have grown so much over the past two years; it only makes sense to continue to improve the site and make modifications to meet the specific needs of the clients we serve,"

Isbell said, adding that part of RealtyBid.com's appeal to real estate agents is that the company receives its revenue in the form of a one percent Buyer's Premium based on the selling price of the property and paid by the buyer at closing. "We do not interfere in any way with the commission the agent receives from the seller, so we're complementing agents, not competing against them."

Over the past year, RealtyBid.com has soared because of its ability to offer real estate agents, home sellers, and financial institutions an alternative to traditional sales methods and its ability to offer buyers unique opportunities to purchase discounted real estate from motivated sellers, Executive Vice President Mike Keracher said. "The current slowdown in the real estate market is only fueling the desire for agents and sellers of real estate to explore alternative marketing strategies."

"We don't accept listings from individuals," Keracher emphasized. "We assist real estate agents throughout the nation in the sale of properties, and we handle foreclosed properties for the top lenders in the nation."

Isbell noted that technologically savvy real estate agents find it especially easy to work with RealtyBid.com. "The new generation of real estate agents and sellers and those who are forward thinking are becoming extremely comfortable doing business over the Internet and are looking to technology solutions like RealtyBid.com in order to sell their slower moving listings.

"There's a lot more competition out there…with five times the number of properties listed compared to a year ago. But more people are comfortable with the auction format, so they're taking charge of the process. They don't want to list a house with an agent and just sit back and wait; they want to put it out there to the masses. Online auctions allow geographic boundaries to be knocked down."

"The sheer volume of properties offered each month around the nation keeps the company in the spotlight among agents and investors nationwide, and our sales volume ranks us among the largest real estate auctioneers in the country. With more than 5,000 properties sold, we are the technological bridge between conventional real estate sales and traditional real estate auctions, and our approach works because it is beneficial for all parties involved. All of these factors have lead to a need on our part to continually upgrade RealtyBid.com, and the monumental enhancement we've recently completed is just another step in the ongoing journey of offering our clients and users the most up-to-date and useful technology."

For more information, visit http://www.RealtyBid.com.

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