Internet Home Sales Soar Despite Ruptured Housing Bubble With New Site, 123Sold.com

. January 23, 2008

The real estate auction website 123Sold.com is boosting Internet home sales despite a deflated housing bubble. The new website has managed to breathe life into a declining housing market by empowering home buyers and sellers.

“123Sold.com is creating a revolution in real estate and becoming the premier marketplace for realty purchase and sale,” says Ben Stern, 123Sold.com founder and real estate expert. “Our company is shifting the balance of power in the industry, giving both buyers and sellers more control.”

By combining the Internet, auctions, and For Sale By Owner (FSBO), 123Sold.com harnesses these three cultural phenomena, successfully applying them to Internet home sales.

Since the site launch, more than 10,000 bids have been placed on homes, confirming the home-buying public’s desire to purchase a home with no real estate commission despite the absence of a housing bubble, making 123Sold.com ideal.

How it Works:

First, the seller registers with 123Sold.com, after which they can upload information on their home.

Buyers are invited to browse 123Sold.com’s Internet home sales listings, including photos, virtual tours, comparable sales, property value estimator, and other tools.

Next, the bidding begins. Buyers and sellers can communicate through the 123Sold.com messaging system when bidding concludes after twelve days.

Finally, sellers have the option to accept or reject the highest bid. Once a bid is accepted, 123Sold.com provides links of title companies, real estate attorneys, mortgage lenders, home inspectors, and many more resources to facilitate the home-buying/selling closing.

Through this revolutionary new real estate auction website, home sellers are able to create their own personal housing bubble. Now, within twelve days, 123Sold.com makes it possible for home sellers to receive multiple competing offers.

With 123Sold.com, the shattered housing bubble won’t stall home sellers’ efforts. To learn more about Internet home sales on 123Sold.com, visit the website at www.123Sold.com.

Category: Auction News

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