RealtyBid.com Experiencing Record Year as Sellers Look for Alternative Marketing Strategies

RISMEDIA, August 8, 2007–Believe it or not, real estate is still hot-at least for one forward-thinking company and its customers. RealtyBid.com, an online real estate auction Web site, is experiencing phenomenal growth, even as much of the rest of the real estate industry is struggling with the declining market.

According to President/CEO Tony Isbell, RealtyBid.com provides accelerated marketing programs to sellers, real estate agents, builders and financial institutions and discounted prices to real estate buyers-a win-win situation for all involved. He said July was a record month for the company. “During July, RealtyBid.com auctioned a record 1,275 properties throughout the country. There were almost 116,000 prospective bidders who viewed these properties throughout the month, and more than 7,500 bids were placed.”

“The value of homes offered on RealtyBid.com has also increased, as more property owners in larger homes feel the impact of rising mortgage rates. The value of homes sold on RealtyBid.com thus far in 2007 has increased 67% over homes sold in 2006.”

Isbell added that the number of properties offered for auction on RealtyBid.com during the first half of 2007 (January through June) increased by more than 151 percent when compared to the first half of 2006. And, the number of properties sold via RealtyBid.com during the first half of 2007 increased by 158 percent.

Isbell believes the decline in real estate sales and prices will continue to fuel the desire of real estate sellers to explore alternative marketing strategies and will prompt savvy real estate investors to take advantage of bargain home prices. RealtyBid.com is also benefiting from the growing acceptance of technology as a part of our every day life and work, he said. “Online real estate auctions are the obvious next step in the evolution of real estate marketing.”

For more information, visit www.RealtyBid.com.