Bid4Assets, an online auction provider selling distressed assets since 1999, has introduced a real estate-only auction Web site, Bid4Homes (www.bid4homes.com) and a partnership with listing agents.
Bid4Homes, which specializes in selling distressed real estate from banks, government agencies and private parties, is introducing a new tool designed to accelerate the sale of real estate owned properties, called the 3in1 Listing Program. The 3in1 Listing Program is intended to maximize revenue and minimize holding time.
According to the company, Bid4Homes' 3in1 Listing Program combines the power of online auctions and the local expertise of real estate agents to triple the chances the property will sell. Bid4Homes will pay listing agents a commission on a successful sale. Bid4Assets, Bid4Homes and partner RealtyTrac will expose properties to more than three million potential buyers.