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.RealtyBid.com Thrives Despite Down Economy
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.
At RealtyBid.com, we saw our traffic increase during the first half of 2008 by an incredible 380 percent compared to the same time period in 2007. Also during the first half of 2008, RealtyBid.com saw its number of new registered bidders rise by 50.4 percent over the same time period last year.
But perhaps most impressive is the fact that RealtyBid.com saw a more than 12.4 percent increase in sales during the first half of 2008 compared to the first half of 2007. To see that kind of increase during the first half of this year when our country saw declines in existing home sales every single month is very encouraging for our company.
Certainly, as the number of foreclosures has increased nationwide, the number of bank-owned properties available to buyers via RealtyBid.com has also increased. What RealtyBid.com is able to do successfully—and has been able to do with growing success since 2001—is bring motivated sellers, such as banks and other lending institutions, and buyers together through online real estate auctions.
We continue to work to communicate that it is an excellent time to buy real estate. This is especially true for those who understand the discount and investment potential of RealtyBid.com. It’s exciting for us to see our site traffic, inventory and sales grow each month, but we are even more excited because we realize more and more buyers are “discovering” RealtyBid.com and realizing that online home auctions are a perfect fit for the current buyer’s market.
Discussion Forum
| Topic | Posts | Last Poster |
|---|---|---|
| Life Outside of Real Estate | 15 | AgentGlobal |
| Agents Needed - Register Today! | 1 | mycondospot |
| Ethical values in real estate business | 6 | jespiritu |
| Referrals to Reno, Nevada | 1 | RenoRealtorPat |
| NEED AGENTS / & REFERRALS | 49 | sharonross |
| Is Social Media Marketing Effective in Real Estate Industry? | 4 | rhukill |
| MLS exposure without paying the commissions!! | 9 | TeamRemaxVision |
| PMI | 1 | amerca7163 |
| Ethics | 3 | mrbrian |
| "Ethics" | 5 | Martina |
-
Subscribe to this City
-
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.
No comments yet.