RAINBOW CITY, Ala – Despite persistent news of a weakening economy, RealtyBid.com, the nation’s leader in online home auctions, is still thriving. Second quarter results have confirmed expectations that company performance during the first six months of 2008 outpaced the first half of 2007, which had itself been a record-shattering year for the company.
According to CEO/President Tony Isbell, RealtyBid.com, which offers thousands of discounted properties to home buyers and investors each month, saw its traffic increase during the first half of 2008 by an incredible 380 percent compared to the same time period in 2007. Also during the first half of 2008, RealtyBid.com saw its number of new registered bidders rise by 50.4 percent over the same time period last year.
But, Isbell said perhaps most impressive is the fact that RealtyBid.com saw a more than 12.4 percent increase in sales during the first half of 2008 compared to the first half of 2007. “To see that kind of increase during the first half of this year when our country saw declines in existing home sales every single month is very encouraging for our company.
“Certainly, as the number of foreclosures has increased nationwide, the number of bank-owned properties available to buyers via RealtyBid.com has also increased. What RealtyBid.com is able to do successfully — and has been able to do with growing success since 2001 — is bring motivated sellers, such as banks and other lending institutions, and buyers together.”
Isbell added that the team at RealtyBid.com is working to communicate that it is an excellent time to buy real estate. “This is especially true for those who understand the discount and investment potential of RealtyBid.com. It’s exciting for us to see our site traffic, inventory and sales grow each month, but we are even more excited because we realize more and more buyers are ‘discovering’ RealtyBid.com and realizing that online home auctions are a perfect fit for the current buyer’s market.”
Founded in 2001, RealtyBid.com specializes in the expedited sale of real estate through its innovative online auction platform. The company has become one of the most vocal advocates for the use of Internet technology as a means of bringing real estate buyers and sellers together. RealtyBid.com’s team has sold more than 12,000 properties.
Web site: http://www.realtybid.com/
