Online Real Estate Auctions - Advice and Information From RealtyBid.com
Quality news and information about national and local real estate auctions, sponsored and authored by RealtyBid.com and edited by RISMedia.This City's Featured Article
Interest In Foreclosures Draws Visitors To RealtyBid.com
As we’ve all read about and heard about over the past few months, the tide of foreclosures doesn’t seem to be slowing at all. In fact, foreclosures are steadily increasing. Just this week, on Monday, May 5, Federal Reserve Chairman Ben Bernanke addressed the problem in front of Congress. He said some 1.5 million U.S. homes entered into the foreclosure process last year, up 53 percent from 2006. The rate of new foreclosures is certainly likely to be even higher this year, Bernanke said.
Along with the increase in foreclosures has come and interest in purchasing foreclosure homes. We at RealtyBid.com are seeing a growing number of people looking for real estate bargains, such as the bank-owned foreclosure properties that populate much of our website, through online home auctions. In April, RealtyBid.com saw its greatest number of unique visitors to the site ever, more than 630,000, and May is on pace to top that. To put that number into perspective, in April of 2007, RealtyBid.com’s total number of unique visitors was just more than 122,000. That’s an increase of more than 413 percent in just one year.
Certainly, this is a positive for our company and the online real estate auction industry, but we are also hopeful that the transition of these homes from bank ownership to private ownership is also a positive for real estate buyers, for the buyer agents that we work with every day, for the communities in which these homes are located, and for the neighbors who live around them.
Local News
Inman, RealtyBid.com Discuss Internet Home Auctions, Foreclosures
On Thursday, April 24, 2008, Inman News released an Industry Special Report titled “Auction market: Growing, growing strong.” Online home auctions and the growth of RealtyBid.com were part of the focus of the report. This is an excerpt from the report by Glenn Roberts:
…RealtyBid.com, an online real estate auction site launched in 2001, reported a record […]
Online Home Auctions Perfect Fit For Buyer’s Market
My business partner and co-founder of RealtyBid.com, Mike Keracher, was one of several featured speakers at a gathering of potential real estate investors this past weekend. Unfortunately, the crowd at the investing conference was far smaller than Mike expected.
After the conference was over, Mike talked with the conference organizer. He had truly enjoyed hearing Mike’s […]
Agents Vital To RealtyBid.com Online Home Auction Success
RealtyBid.com has helped sell more than 12,000 homes for real estate agents and their clients throughout the United States through online home auctions. We work exclusively with real estate agents. In other words, every property auctioned on our site is affiliated with a listing agent; we do not accept “For Sale By Owner” or FSBO […]
RealtyBid.com Real Estate Auctions Offer Hope
The National Association of Realtors announced Monday (February 25, 2008) that sales of existing homes fell for the sixth straight month in January. Existing home sales dropped to the slowest sales pace on record.
MSNBC.com reported, “Median home prices were also down and many analysts predicted further price declines in the months ahead given high levels […]
CTO Is Experienced RealtyBid.com Seller and Buyer
“Believe in your product!” is a sales adage as old as selling itself, and while I have confidence that our entire RealtyBid.com staff understands the power of the innovative online auction tool we have built at RealtyBid.com, there may be no one who understands it and believes in it more than our chief technology officer, […]
More Builders Bringing New Homes To RealtyBid.com
As we are all too aware, the status of new home sales is a powerful indicator of the state of the housing market. Recent Commerce Department statistics confirm that the state of new home sales is not strong. These Commerce Department stats show that new home sales fell in December to a 12-year low. The […]
RealtyBid.com Home Auctions Go High Tech
At RealtyBid.com, we’ve recently made some major upgrades to our website to enhance the home auction experience of our clients and customers and to more effectively accommodate our site’s ever-increasing traffic, inventory and amount of bidding.
Many of the changes we’ve recently made revolve around improving specific facets of the functionality of the site, especially the […]
Online Home Auctions Benefit From Mapping System
In my last entry, I talked about the major technology upgrades RealtyBid.com recently implemented, and I focused on an enhancement that we feel is making a real impact for our clients and customers already. That upgrade is the implementation of state-of-the-art information display technology that enables those viewing RealtyBid.com property bid pages to see the […]
Online Home Auctions Can Fast Track Sales
My business partner and RealtyBid.com co-founder/executive vice president, Mike Keracher, just completed an article, titled “The Emergence of Internet Marketing as a Fast Track Tool,” for an upcoming issue of REOMAC Update magazine. This is a publication that addresses topics of interest to mortgage default industry professionals, but I feel like what he had to […]
Discussion Forum
| Topic | Posts | Last Poster |
|---|---|---|
| Effective, Fast and FREE Ways to Sell Homes on the Internet! | 1 | RealEstateMarketingNerdscom |
| Seller switched appliances | 5 | soldbychris |
| "I'm not going to give my house away." | 15 | Racheli |
| #1 Thing you MUST know about your website to make $$$$ online | 1 | RealEstateMarketingNerdscom |
| My Space Page? | 6 | RealEstateMarketingNerdscom |
| Why is acknowledging a recession a good thing??? | 3 | ruthrbn |
| Role of realtor in real estate business | 1 | RomiSam11 |
| A Listing and $2.00 will get you on the subway! | 3 | JoeCline |
| Online bidding for all Realtors | 2 | JoeCline |
| Yeah Right ,You Can Always Refinance | 2 | JoeCline |
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About Local Author
Tony Isbell is the president and CEO of online real estate auctions company RealtyBid.com. He has been involved with the real estate auction business on a national basis for more than 16 years. He has worked in various capacities in the auction business throughout his career, including in national positions such as managing director of government operations and national sales director for one of the country's largest national auction firms.
