ListedBy recently made its debut, launching the real estate industry’s first free online live auction, social network and services marketplace, the company announced. According to the company, ListedBy addresses a market void and need for a free, transparent online auction and property search arena where industry professionals, consumers, investors and service providers can network, research, list and purchase real estate assets.
Designed around helping industry professionals to market themselves, as they market their real estate listings, ListedBy merges the simplicity and effectiveness of a powerful classifieds advertising website, with state-of-the-art live auction technology, to help accelerate sales and maximize asset value.
The company notes that their model lifts the secrecy off the real estate auction process. To encourage wider participation from both buyers and sellers, ListedBy also eliminates typically restrictive costs including auction registration fees and share of proceeds, usually imposed on traditional auction venue, by having its marketplace be entirely free.
Free participation and transparent live bidding is designed to level the playing field for market participants and introduces a standard of open competition unprecedented in the space.
“Through years of experience investing in real estate, we recognize the impact of online classified advertising in the marketing mix, and the power of auctions in maximizing asset value and moving inventory,” says Stephan Piscano, ListedBy founder and chief executive officer.
“ListedBy considers real estate professionals and service providers as critical success partners. For example, a listing agent on ListedBy is never overshadowed by another agent on his or her listing page, and leads are never collected and sold back to the listing broker or their competitors. We are working to build a thriving, positive community that benefits all our members.”
Real estate brokers, agents, investors, bulk asset holders and consumers can register on ListedBy and post, also free of charge, residential or commercial Multiple Listing Service (MLS), For Sale By Owner (FSBO), pre-foreclosure and Real Estate Owned (REO) assets and Notes, with up to 25 photos and great detail, to support each listing.
Users can purchase optional ‘Featured Listing’ placement, to enhance listing exposure on the site. Corporate advertisers may also purchase advertising banner placement across the site and the opportunity to be shown as approved service providers throughout the site as well.
To further drive exposure on ListedBy, community members can engage on ListedBy Social, ListedBy’s social network where consumers, real estate professionals and service providers connect, post reviews and recommendations, discuss industry issues and generate new business.
Four auction types are offered on ListedBy, including No Reserve Live Auction, Reserve Live Auction, Own-It-Now Best Offer (OIN/BO) Listing, and Best Offer.
Licensed real estate professionals, trades firms, service providers, and buyers and sellers can register on ListedBy.com.
For more information, visit http://www.ListedBy.com.