Thousands of home buyers looking for deals on foreclosures are turning to RealtyBid.com’s online home auctions, evidenced by the company’s record-setting numbers for the first quarter of 2009.
RealtyBid.com CEO and president, Tony Isbell, said the Web site’s online home sales grew by more than 37 percent in 2009 over first quarter 2008, and by almost 50 percent over first quarter 2007.
“The first quarter of 2009 was our biggest first quarter ever, and January, February and March were each individually record-breakers compared to those same months in previous years,” Isbell said. “Additionally, our number of new registered bidders was up more than 62 percent during the first quarter of 2009.”
There’s an abundance of bank-owned properties right now, and we are helping banks put those properties back into private ownership. In the process, buyers are getting phenomenal deals on foreclosure homes.”
Lenders are anxious to sell the homes that have come to them through foreclosure, according to RealtyBid.com’s EVP Mike Keracher. “The banks have looked to us to sell these properties, and because they are ready and willing to ‘move’ them, we are able to offer tremendous bargains to buyers,” Keracher explained.
Thousands of homes are available each month on RealtyBid.com from the nation’s largest lenders, builders, and real estate brokerage firms. The company has sold more than 20,000 homes online and was ranked as the nation’s number one sales team in terms of transactions in both the 2008 and 2007 Lore Magazine/Wall Street Journal/Real Trends “Real Estate Top 200.” DSNews
