The BidaBing idea was actually born during the real estate boom in 2005-6. Rick thought he could use an auctioning system since he frequently had several buyers for the same property. As the market deflated into 2007 or so, the need for an auctioning application was still attractive, but now it was because there was too much inventory and not enough buyers to establish accurate market values.
At BidaBing, we believe that auctioning is the best way to buy and sell real estate in any market. That’s why we have been working on creating a simple, effective and fun place to sell real estate since 2007. In fact, after completing the auctioning functions and almost launching in 2008 the company decided to expand the project to include a more useful and engaging social element.
Our history is short and we know our work will never be completed as we strive to push the boundaries of technology and innovation in our real estate auctioning network, but we hope you will be a part of our future by sharing our system with your friends and making suggestions of how we can make it better.