In an extended interview on Real Estate 360 Radio, ListedBy’s founder and CEO Stephan Piscano shares key information about the online auction movement and discusses specifics related to ListedBy.com.
With transparency and low cost environments being key drivers for buyers and sellers to explore auctioning residential or commercial real estate assets online, Stephan, an accomplished property investor in his own right explains how the free business model can benefit both buyer and seller, and how it can create a new opportunity for the representing real estate agent on both sides to capitalize on the auction trend.
In the interview Stephan offers to listeners an extremely compelling and complimentary downloadable eBook on real estate investing that is helping new and established investors generate double digit returns.
Listen to the interview at http://bit.ly/1eckLl7.
It’s certainly a milestone to see high value intellectual property assets related to real estate, but not exactly property, notes or timeshares, get auctioned on ListedBy. Here is the full announcement.
“NAPA, Calif. – Oct. 09, 2013 – ListedBy (www.ListedBy.com), the first free online real estate marketplace and social network with live bidding residential and commercial public real estate auctions and ‘Best Offer’ functionality today announced that Furman Investments, a North Hollywood company has listed its www.RealEstateAuction.com domain name for auction on ListedBy.com.
The high value asset is listed for USD $700,000 under the Own It Now category on ListedBy, which enables buyers to secure the asset at the specified price. Prospective buyers can also send in offers for the seller’s review, acceptance or countering, directly through the site.
“With ListedBy’s reach continuing to grow, it’s great to see more asset holders turn to ListedBy.com to market real estate related properties from REOs and Notes to now intellectual property, to tap global buyers in an efficient and meaningful way,” said Stephan Piscano, CEO and Founder, ListedBy.
“RealEstateAuction.com is an extremely powerful and commanding domain name that must represent very significant value over the long run,” said Scott Furman, President and CEO, Furman Investments and CEO and Founder, ApartmentBuildings.com. “The auction market is seeing sustained expansion and is expected to continue to grow for years to come. We believe the next owner of RealEstateAuction.com stands to be at a strong competitive advantage.”
The auction is now open and ends at 04:58 PM, PDT on October 11, 2013. Interested buyers can view the auction at http://bit.ly/1bFUlb0 and participate free of charge by first registering on ListedBy.com.”
It seems that there is a little bit of competition heating up in the online real estate auction sites battle for the top spot, according to www.compete.com stats. Newcomer ListedBy.com entered the race for the top spot with site record Web traffic for February 2013 with more than 50,000 visitors coming to the site during the month, putting it slightly behind direct competing online real estate auction site www.bid4assets.com and ahead of other similar real estate sites such as realtown.com and others.
The month also saw industry leader www.auction.com remain at the top of the pack with nearly 800,000 visitors for the month according to the site but the strong display of traffic for ListedBy.com is a great thing for a site that has still only been around less than a year and has little resources by comparison to the billion dollar entity such as auction.com.
In other news for real estate auction sites, Hubzu.com, formerly gohoming.com, has presented itself as a major competitor in the sector with more than 200,000 visitors.
The ListedBy.com brand that went live no more than 11 months ago on May 2nd 2012 has quickly shown the industry that there is a new way to present the online real estate model to users with all of the users being able to use the site and the marketplace completely free unlike all of the competing auction sites noted here which charge insertion fees and commissions after the transaction.
Below are the official numbers that were reported by compete.com for traffic in February 2013 including all the major sites in the real estate auction segment. As always, thank you to all the loyal users that are helping ListedBy.com grow as the first completely free online real estate marketplace and social network with live bidding auctions.
- WWW.TRULIA.COM – 11,000,000 VISITORS
- WWW.AUCTION.COM – 790,000 VISITORS
- WWW.HUBZU.COM – 298,000 VISITORS
- WWW.BID4ASSETS.COM – 64,000 VISITORS
- WWW.LISTEDBY.COM – 52,000 VISITORS
- WWW.REALTOWN.COM – 27,000 VISITORS
These figures are off of projections and estimates based off of compete.com stats.
We’re quite excited to release the ListedBy Service Provider star and feedback ratings system. To those who excel in their profession, such systems put in the hands of the consumer is a welcome event and a new path to more business.
For those who do not desire such systems, it’s a path to challenging and boosting current practices.
As an industry as a whole, such systems will bring new levels of transparency that can only help further enhance public perception and professionalism.
Here is the full announcement issued to the press earlier today, for our readers’ convenience:
ListedBy Launches Real Estate Service Provider and Agent Ratings
ListedBy (www.ListedBy.com), the first free online real estate marketplace and social network with live bidding public real estate auctions and ‘Buy Now/Best Offer’ functionality now enables members to publish and share feedback, recommendations and rate service providers listed on ListedBy.com, in real time.
The system reflects ListedBy’s goal to provide its members with everything they need to be successful in real estate both before, and after the transaction. Registered users on ListedBy.com can use the site’s Service Providers area to research services and related companies by state, and now rate providers including real estate brokers and agents using a five star rating system.
Users can also offer detailed feedback and recommendations on the same page, and share their feedback through email and social media with a single click, including on Facebook, LinkedIn, Twitter and many others.
“From free access to rental and for sale property data, REO auctions and traditional listings, to clearly identifying the true listing agent and their contact information, to publicly displaying bids, bid history and bidders, to now agent and real estate related service provider ratings and feedback, ListedBy continues to move towards accelerating the real estate process through transparency and better access to information,” said Stephan Piscano, CEO and Founder, ListedBy.
“The time currently wasted at any stage of real estate buying and selling is unacceptable, as is the level of transparency on many real estate auction and traditional property portals, especially in this day and age. Everything that we do at ListedBy is designed to move the industry towards a higher level of efficiency,” added Piscano.
Concluded Piscano: “People who get exceptional service are always happy to spread the word. We’re introducing tools that make it easy for ListedBy members to share their experience and opinion, which benefits their service provider and works to drive higher levels of service in the industry.”
Service Provider pages on ListedBy have also been upgraded as virtual miniature Web sites, to further enhance service provider exposure and branding to ListedBy’s growing audience.
ListedBy launched its Service Providers module in January. The self-managed, self-populated free directory is designed to give ListedBy.com users convenient access to information on local real estate related services across the United States.
Traffic on ListedBy.com is expected to surpass 60,000 unique visitors for March 2013, with visitors spending an average of over five minutes on the site.
What is mind boggling is that we as an industry have struggled for years trying to figure how to move distressed inventory. Mind boggling because we have consistently hid the data behind cumbersome registration pages and access fees, and charged huge buyer premiums at auctions. To think that these are all strategies designed to move inventory is somewhat hard to believe. Open access rather, should be the path.
To top it all, many consumer portals and sites have made it tough for buyers to connect with listing agents or sellers, by giving preferred placement to their own internal agents next to the listing, if that’s their business model. Others featured and continue to feature alternative agents based on a paid advertising model, in the process keeping the true representing agent who knows the seller and the property best, and can answer questions more swiftly and accurately, at bay and harder to reach.
Such and other practices have either delayed or outright derailed potential transactions, and to this day continue to hinder wider, more efficient buyer participation so the assimilation of inventory may proceed at a more healthy pace.
We’re excited to announce that we have unlocked access to all listings on ListedBy, specifically because giving real estate buyers and sellers immediate and open access to listings and to each others’ contact information is core to ListedBy’s vision for the site and the industry as a whole. We see this as becoming the norm for all real estate property portals and real estate auction companies.
As always, we appreciate our users’ feedback and suggestions. Giving everyone instant access to all listings on ListedBy.com once again is the results of your valued input. Now anyone can research MLS listings across the country, residential and commercial. The same goes for all distressed properties including REO auctions, government real estate auctions, residential real estate auctions, commercial real estate auctions and all other public real estate auctions and Buy Now/Best Offer listings that are active on ListedBy.com.
A number of intriguing and puzzling operatus morandi continue to hold back our industry. Some are key to the less than stellar perception the real estate profession has suffered for decades. Others directly anchor the entire industry so hard and prevent it from healing as fast as it should or can. The status quo in many areas of the real estate business is also directly affecting property values and, in our opinion, the level of trust that the industry deserves. This includes the general consumer real estate market, the public real estate auctions market, REO auctions and government auctions segments.
On the opposite side of the spectrum lies a major undercurrent. One that is underway. A shift that is building moment so strong that it stands to change everything. It will shake companies from the very small to the very large, and create new opportunities that those same companies can adopt and grow, or ignore and sink.
ListedBy executives Stephan Piscano and Roger Noujeim will be at the San Jose Real Estate Investor (SJREI) Mid-Peninsula Meeting on Tuesday February 19, 20113 to keynote an address around these issues and highlight the opportunity that is before us today.
If you are in the San Francisco, San Jose or Foster City areas, or nearby, we hope that you can join us for a discussion that promises to raise awareness around key concerns every real estate professional must pay attention to, and ignite thought that will drive change for years to come.
When: February 19, 2013. 6:30 PM
Where: Crowne Plaza Hotel. 1221 Chess drive, Foster City, CA
Who: Stephan Piscano and Roger Noujeim at SJREI Mid-Peninsula Meeting
Keynote and Start: ListedBy. 7:00 PM
AGBeat’s Tara Steele covered it and we couldn’t have explained it better ourselves. The momentum and involvement on ListedBy is moving to new heights each week. Traffic is on track to hit 40,000 unique visitors this month or more, and Realtors, consumers and real estate investors are engaging more and more with the system’s Best Offer and auction tools.
From AG Beat:
ListedBy auction tool focuses on transparency, disruption
An exciting development for all ListedBy users and site visitors today, as well as for service providers who offer services to the real estate industry in the U.S.
We just launched the Service Providers section of the site, which allows ListedBy users to research and find services related to real estate from across the country. If anything, the Service Providers module roll out is another example of our commitment to making ListedBy.com the place for everything real estate.
Whether it’s painters, movers, insurance providers or any other service, and whether you know the area or if you are from out of town or out of state, this is a key peg in helping you to find and get information about the services that you need, at a local level, as you make either an investment decision or need a service for your own property.
As a service provider, the exposure is entirely free. Just drop by the Service Providers page and add your company to gain exposure. We’ve also added enhanced placement options, which gets your company to the top of the search results in the states of your choice.
Here is the full announcement released earlier today on the wire:
Public Real Estate Auctions Site ListedBy Launches Service Providers Directory
Self-Managed Search Database Gives ListedBy Users Access to Information on Local Real Estate Related Services, and for Service Providers, Free Exposure and Leads
NAPA, Calif. – January 28, 2012 – ListedBy (www.ListedBy.com), the first free online real estate marketplace and social network with live bidding public real estate auctions and ‘Best Offer’ functionality today announced the launch of its Service Providers module, a self-managed, self-populated directory designed to give ListedBy users convenient access to information on local real estate related services across the United States.
“As a platform that truly stands out among other real estate sites and real estate auction companies, part of our mission at ListedBy is to constantly elevate user experience and value,” said Stephan Piscano, CEO and Founder, ListedBy. “Whether it’s homeowners, buyers and sellers, or investors involved in REO auctions, government auctions and regular assets, identifying and connecting with local service providers is an on-going requirement. ListedBy is now positioned to deliver on this need like no other site online.”
Free to join, the ListedBy Service Providers tool is organically populated and currently covers all U.S. states and territories. International search is planned for release later this year.
Service providers can join the new directory at https://www.listedby.com/ServiceProviders/ServiceProviderMaster. Additional categories can be requested through the company’s online Forum.
Enhanced placement in the directory is available as an option in one of two packages offered at $50.00 per month per state, or for $248.00 dollars per state for a full year subscription.
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A new year is just around the corner, and we’re already setting up to attend and exhibit at two of the real estate industry’s most powerful and energizing conferences, back to back.
ListedBy is sponsoring both Connect and Reboot in NYC, which will be held January 16-18, 2013 at the The Grand Hyatt New York. We will be showcasing the latest release of our free online real estate auction and ‘Best Offer’ platform, ListedBy.com.
As always, get ready for some amazing prizes from ListedBy, including the now famous Vegas luxury condo stay giveaway for four people! And after really great feedback at NAR in Orlando in November, we just might do the remote controlled helicopter giveaways again as well! Just drop by our exhibit to get in on the action.
We look forward to seeing many of our members and business partners in NYC, and to meeting many more real estate pros keen on adopting the latest technologies in their business. If you want to get exposure and learn about technologies that are truly making a difference in the real estate business, INMAN conferences are the events to be at.
If you haven’t yet registered to attend INMAN Connect or Reboot NYC, here is are the links:
Real Estate Connect: http://www.realestateconnect.com/nyc13/rates
Agent Reboot: https://register.inman.com/shop/Agent-Reboot-2013—New-York/
To view venue and travel information, here is another link: http://www.realestateconnect.com/nyc13/venue