Real Estate Technology: Ready for “Make an Offer” for Real Estate?

Broker Cafe
Published: 08/16/2012
Posted by: RET Staff

RealtyBid.com, one of the top real estate auction firms in the nation and a CoreLogic company, has created an online offer generation capability for real estate brokers and agents.

The idea was born out of RealtyBid's success in the REO space. Having successfully sold over 30,000 homes exclusively online, many real estate brokers asked for a way to use the RealtyBid online sales system – but in a non-auction format. Most brokers like the concept of online offers and online bidding. However, being very image conscious, they have been reluctant to embrace the technology because auctions in the marketplace typically imply a distressed property and that can give a negative connotation to buyers.

In response to these concerns, RealtyBid created a hybrid program called the RealtyBid Make An Offer System. It allows a broker to use RealtyBid's technology for generating online offers within their own website, protecting and enhancing their brand in the process.