Auction PR Publicity Announcements News and Information
Auction PR Publicity Announcements News and Information

Zetabid to Auction $75 Million in Homes in South Florida

Zetabid, the pioneering firm redefining home auctions in the U.S., today announced that it will sell $75 million in bank-owned homes in six South Florida counties on Saturday, Jan. 31, 2009.

Zetabid is auctioning a wide range of single-family homes, townhouses and condominiums in Broward, Collier, Dade, Lee, Miami-Dade and Palm Beach counties. The auction will be held at the Miami Beach Convention Center at 1901 Convention Center Drive in Miami Beach. Registration starts at 8:30 a.m. and bidding begins at 10 a.m.

“Investors and homebuyers in South Florida have a unique opportunity to purchase very attractive properties at bargain prices,” said Bob Bellack, Chairman of Zetabid. “Zetabid auctions bring together a large number of buyers to create a new benchmark for local market housing prices. With greater confidence in market values, buyers can make more informed decisions and get a great deal in the process.”

At Zetabid’s recent auctions in California, homes that went into contract at the auction were typically 25% to 40% below the listed retail price. More than 3,000 people participated in four separate Zetabid auctions in California in Fall 2008.

For the South Florida auction, prospective buyers can bid at the Miami Beach Convention Center, via Zetabid’s worldwide Internet simulcast, or they can place an offer before the auction by using the ‘buy it now’ form at www.zetabid.com. Buyers can also bring their real estate agent to the auction event.

Zetabid encourages buyers to view homes with the listing agent or on the open house weekend Jan. 24-25 from noon to 4 p.m. or by appointment. Zetabid urges prospective buyers to inspect properties before bidding. Information about each property can be viewed at www.zetabid.com.

About Zetabid

Zetabid makes it easy and convenient for consumers to purchase bank- and builder-owned homes at Zetabid’s public auctions. A venture of the Los Angeles Times Media Group, GoIndustry-DoveBid and CataList Homes, Zetabid expands access to the inventory of residential properties sold at auction and opens up the market to U.S. and international buyers. Zetabid offers the widest reach and greatest awareness of auction inventory through its national network of print, broadcast and online partners.

For more information, visit www.zetabid.com or call 888.4.ZETABID (888.493.8224).