US Auction Network Launches

A new Florida based real estate auction network has just been launched inviting bids on bank owned houses, short sales and other distressed properties.

bidabing.com describes itself as a “hybrid auctioning, social networking and real estate search engine”. The website includes blogs and a forum as well as featured agents and featured listings.

bidabing.com says it is a free-to-list website, but there are “some fees associated with auctioning and advertising within the site”. It goes on to explain the benefits of the website for agents:

“Bidabing allows agents to post all of their listings at no charge. Using the site’s networking and marketing features will help agents promote their listings to all of the contacts FREE of charge. In addition agents can convert their listing into bidabing.com auctions to create more interest.

Driving traffic to your auctions can be done from within the site by emailing, blogging or featuring the property. You will be able to monitor your registered buyers activity from the ‘my bidabing’ page. Staying in touch and engaging your sphere has never been more fun and easy.”

The website states its features also include automatic syndication to other real estate websites and a product and service directory.

1. Relaunch for auction.com

   auction.com, Real Estate Disposition Corporation's online property auction platform, has been relaunched to handle an increased volume of transactions. According to inman.com auction.com has been upgraded to be able to support 500,000 unique visits per month. REDC bought the domain in March last year for US$1.7 million....

2. propertyguru.com.sg Auction Service

   Singaporean property portal propertyguru.com.sg has teamed up with auction providers in Singapore to launch a one-stop-shop Real Estate Auctions service. ...

3. condo.com Hosts Online Auction

   US condominium portal and marketplace condo.com is hosting what it claims will be the one of the first auctions to cater to web based bidders as well as those who attend the auction in person. ...

4. realestate.com Launches Social Network

   US brokerage and property portal realestate.com has updated and now includes a section featuring real estate focused social networking. ...

5. zoopla.co.uk Launches Auctions

   UK portal zoopla.co.uk has teamed up with Real Estate Disposition Corporation (REDC) to launch a live auctions section. REDC is a fully licensed real estate auctioneer with a presence in the US as well as London. The company was established in 1990 and says it sold 32,800 homes in 2008. Visitors to the new auctions section are presented with a UK map showing where properties listed for auction are located. The website currently states that 76 properties are listed for the first auction, which is scheduled to begin on 11 February and run until 14 February....