Why Online Real Estate Auctions Make Good Sense

It's no secret that more people are buying more products online every day. Real Estate is no exception. More than 450,000 people have registered to bid on real estate on the Bid4Homes' site and its sister site, Bid4Assets. More than 50,000 properties have been purchased from these sites since 1999. Our buyers and bidders have told us that our online auction sites bring an unmatchable level of convenience to the real estate buying process. Within minutes, the information on the Bid4Homes site can be used to help you make decisions about the value of a property.

If you have purchased real estate through traditional means, you know that making an offer takes time. You don't know how your offer compares to other offers and in a competitive bidding situation, there's often no way to quickly make another offer if you want the property.

Online auctions from Bid4Homes give you the control and power lacking in the traditional buying process. You know what competing bidders are offering instantaneously and you can react immediately. If bidding gets to a level that exceeds the value of the property to you, you can stop bidding. If you change your mind and want to place another bid, you can do it immediately. So long as bidding is still going on at the end of the auction, Bid4Homes will extend the auction into "overtime". Bidding won't stop until 5 minutes have gone by without a bid.

Many subscribers to our online real estate auction sites tell us it is exciting to participate in an online auction. It is particularly exhilarating as the auction is about to end and the pace of bidding picks up.

Bid4Homes offers another exclusive feature that buyers and sellers like. It is called "Bidder On Deck". "Bidder On Deck" is available in two situations; if the winning bidder defaults on their purchase or the reserve is not met. A seller has 48 hours to accept "Bidder On Deck". With "Bidder On Deck", the seller contacts the bidder with the next highest bid (after the bidder winning the item defaults or if the reserve is not met) and offers them the opportunity to purchase the property at the price they submitted on their last bid.

Buyers and sellers appreciate the security of knowing they have recourse in the event a purchase isn't concluded or if the reserve isn't met.

To hundreds of thousands of people, online real estate auctions bring unmatchable value.