MIAMI - (Business Wire) BidaBing Corporation announced the launch of their real estate auctioning network today. The company is inviting Florida Realtors, lenders, buyers and sellers to list their real estate inventory at Bidabing.com and bid on bank owned properties, short sales and other distressed properties. Executives at BidaBing expect the site to be a big hit with agents and loss mitigation departments dealing with short sales. The open platform offers forums, groups, blogs, Q&A’s and other ways for users to interact and promote their products and services.
The company suggests that certificates issued for each auction, which state the final results, can save lenders the time required for verifying whether contracts represent true “arms length” deals at true market value. “I’m looking forward to using the auction feature if only to present the bank proof of the competitive process,” said Millie Rojas of Century 21 Stars Realty in Miami.
According to Rick Diaz, the founder of BidaBing Corporation, the certificate shows the duration of the auction, the number of participating bidders, the final status and the names of the parties involved. “Our goal is to create an online environment that makes it easy and fun for any qualified buyer to bid on real estate – not just investors. Although I feel we’ve done a great job so far, our team has dozens of projects in the works that will make BidaBing even more engaging. These trying times call for innovation and unique strategies,” said Rick, who is no stranger to real estate. He was an active agent for twenty years up until the BidaBing launch. Now, he says, he will use his experience, relationships and the latest technologies to build tools that help BidaBing users buy and sell properties.
The site features several free marketing tools such as automatic syndication to other real estate sites and a product and service directory. The site welcomes all users but is particularly useful to real estate professionals hoping to single out qualified buyers with a foreclosure (offer they just cannot refuse), and making them compete for it.
BidaBing Corporation, Miami