Real Estate Auction Online eBay Style

From the snow-capped peaks of the Rocky Mountains to the hot jazz quarters of New Orleans, a wide variety of real estate auction opportunities awaits prudent purchasers in an online auction featuring over 225 properties, 21 properties in Colorado, Arkansas and Louisiana offered by Rowell Auctions, Inc. a national leader in online real estate auctions. The auction is open to all, from the first- time home buyer to the savviest of investors. And it’s all as easy as buying an eBay offering.

Prospective bidders go to RowellAuctions.com to view information on the properties in Colorado, Arkansas and Louisiana and find properties that interest them. The next step filling out a short registration form to get registered to bid. Rowell Auctions, Inc. is also offering real estate auction properties in Georgia, Florida, Alabama, North Carolina, Michigan, and Indiana. If bidders have questions the Rowell Auctions site will also explain the terms and conditions of the sale and answer a host of frequently asked questions.

Bids may be placed at www.RowellAuctions.com, and bidders may check the progress of the bidding at leisure, day or night. The bidding operates eBay style and bidders may enter a maximum bid that will automatically raise until that bid's maximum is exceeded by another bidder. Email alerts will keep bidders informed during the auction process. When asked about the differences between eBay and Rowell Auctions, Inc.'s method, Auction Coordinator Todd Simmons responds, "One important change from the eBay style of bidding is the 'anti-sniping' auto-extend feature. This feature keeps the auction going if you're out bid in the last couple minutes before time is up. Just like an on site auction the last 10 minutes are usually the most exciting! Rowell Auctions has pioneered the sale of real property online only and stand by ready to answer any of your questions."

Prospective home buyers interested in that new jazz house or mountain retreat, the bidding has already opened on August 20,2009 and will close at 2 PM EDT on September 3, 2009. This sale includes condos in Denver and New Orleans and single- family homes all across the three states, and all are being sold by a lending institution looking for new owners. Todd Simmons also suggests that, "Buying real estate has never been easier and bidders can be confident in participating, knowing this auction is being conducted by Rowell Auctions, Inc., a trusted name in property sales for more than 75 years." It all begins with the stroll to these homes right at the computer. Look at all the real estate auctions.

Press

Zetabid to Auction 100 Homes in Southern California

Zetabid, the pioneering firm redefining home auctions in the U.S., today said it will sell approximately 100 bank-owned homes in Southern California on Saturday, May 16, 2009 at the Pomona Fairplex.

The auction, Zetabid's third in Southern California in the past eight months, will include the sale of single-family homes, multi-family homes and condominiums in Los Angeles, Riverside, San Bernardino, Orange, Kern and San Diego counties.

"The market for foreclosed residential properties in Southern California is as robust as we've seen it," said Bob Bellack, Chairman of Zetabid. "The strong demand for bank-owned properties is due to stabilizing housing prices, government stimulus programs and historically low interest rates. The confluence of these factors and the understanding that auctions are among the best ways to get a great property are likely to result in a strong turnout."

Over the past eight months, Zetabid has sold more than 1,000 homes in California, Florida and Arizona in 11 auctions. More than 4,000 people have participated, and many buyers have purchased homes for 50% of the list price at the height of the housing boom.

At the May 16 event in Pomona, Zetabid is expecting active bidding from first-time homebuyers. The federal government recently made it even more compelling to own a home for the first time by offering a tax credit of up to $8,000 to qualifying taxpayers who buy a home in 2009.

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