Foreclosure Listings | market necessitates innovative models and strategies
In this challenging real estate market, realtors are searching for and adapting to new models and strategies to move foreclosure inventory. The Internet’s marketing clout has been recognized by agents and brokers for sometime now. But today’s market calls for websites to find fresh approaches to harness the Internet’s power such as BidSelect’s electronic offer management functionality. BidSelect.com is well established as a marketplace where buyers and sellers find each other to exchange real estate. However, when combined with a competitive and convenient bidding process, BidSelect.com offers tremendous operational efficiencies and greater value as compared to the conventional real estate approach.
Anyone involved in a real estate transaction can attest to the enormous time spent making phone calls, and getting documents faxed or overnighted back and forth between agents, buyers and sellers. BidSelect.com allows parties to negotiate electronically via a secure and Free Buyer Center Account. An automated email notification is sent whenever an offer is accepted or countered on either side and you will have a real-time status of your offer in your account. Once all parties have agreed to critical terms, a contract package is generated and printed directly from the Buyer Center Account for execution.
Having now sold more than 50,000 homes, the real estate community has taken notice of BidSelect’s strategy for time and cost savings. These successes combined with current foreclosure market conditions are prompting large REO portfolio holders to adopt similar technologies and strategies.
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