Published:
iBidcondo: The New Way to Buy Real Estate!
(BUSINESS WIRE)
iBidcondo
is a revolutionary online, live property auction where properties are
sold without reserve prices and where the bulk of the auction
proceeds are donated to a registered charity of your choice!
iBidcondo follows the process of a traditional property auction. The
genius of iBidcondo is in its simplicity; the patent pending system of
selling a limited number of "virtual auction seats" to cover the actual
"price" of the completed property leaves the "auction price" to be
determined purely by the bidders. Unlike many e-retailing auction sites, iBidcondo
does not charge bidders each time they make a bid.
To bid at an iBidcondo auction,
participants must go online to iBidcondo.com and register. Once they
have found a property they are interested in, they can purchase a
virtual seat to the online auction. The average auction seat price is
$100 and the number of seats sold will be determined by the property's
list price. Once all seats have been sold, iBidcondo will notify
participants by email of when the auction is to commence. iBidcondo
requires that participants make themselves familiar with the property
details and the "Terms and Conditions" of the iBidcondo auction.
iBidcondo has found a way to give back to the community while creating
an avenue to instill much needed movement within the real estate market;
a true a win/win/win situation for buyers, sellers and the community.
Because the sale of the seats covers the price of the property,
iBidcondo is able to donate net proceeds of the winning bid to the
bidder's nominated charity. Bidders are asked to nominate their
preferred Registered 501(c)(3) Charity when they purchase their seat.
The first featured auctions on iBidcondo will be 64 luxurious 3 bedroom
condos at Star
Riverside, in Downtown Austin, Texas and 61 ultra-contemporary 2 and
3 bedroom condos at Centro, in National City, California. Both
properties are designed by Marchese + Partners, International and
developed by Constellation
Property Group.
These are not Foreclosure Auctions, only high caliber real estate
properties that iBidcondo believes have a truly distinctive character
will be auctioned at iBidcondo.
For more information visit www.ibidcondo.com
or call 1.619.234.3032.
For iBidcondo
AMG PR WORKS
Megan Palmer, 305-856-8004 x304
megan@amgwagency.com
Copyright © 2009, Business Wire, Inc., All rights reserved.
Copyright © 2009, NewsBlaze,
Daily NewsTags: Real Estate, Business wire, florida, texas, Women in the News, High Tech, Internet
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