BidMyListingⓇ Introduces the First Digital Market Permitting Actual Property Brokers to Bid on Itemizing Alternatives


Market Launches Nationwide for Residence Sellers and Actual Property Brokers

Newport Seaside, CA –Information Direct– BidMyListing

BidMyListing, a brand new actual property market, launched nationwide. For the primary time actual property brokers can bid on itemizing alternatives from owners who’re able to promote. Householders are matched with prime brokers of their space who bid for the unique proper to record and receives a commission upfront after they choose an agent.

{The marketplace} is a win-win for each actual property brokers and owners. Actual property brokers now can make the most of advertising {dollars} to instantly buy the precise listings versus merely hoping to generate a lead. Householders have the peace of mind of a devoted actual property agent for his or her property – who’s prepared to put money into an unique proper to record their residence.

The Nationwide Affiliation of Realtors (NAR) estimates that just about three out of each 4 sellers give their listings to the primary agent they meet1. On the identical time, brokers make investments greater than $22 billion yearly2 and spend greater than 75 % of their time chasing listings with solely a 2 % conversion fee3.

“BidMyListing disrupts an extremely flawed and antiquated system that has resulted in generations of sellers rewarding pace over substance when selecting an agent,” mentioned BidMyListing Founder and Chairman Matt Proman. “Promoting a house is likely one of the most consequential monetary transactions most People will ever face. Our market permits for higher determination making and facilitates the absolute best match between sellers and brokers, whereas additionally benefiting the vendor financially.”

Based in 2021, BidMyListing started improvement and softly launched to check {the marketplace}. They’re assembling a “dream workforce” of among the most profitable innovators in actual property, expertise, and enterprise funding. Chief amongst this workforce are actual property moguls Josh and Matt Altman of The Altman Brothers. Josh Altman persistently ranks within the prime one % of all brokers nationally. In 2021, Josh offered over $1.46 billion in transactions. He and his brother are additionally recognized for his or her long-time roles on Bravo TV’s Million Greenback Itemizing Los Angeles.

“BidMyListing is the primary firm I’ve seen that actually helps each the house owner and the agent. It evens the enjoying discipline for brokers throughout the business, and for the primary time ever brings consolation to residence sellers with an agent combating for them who believes within the property and has pores and skin within the sport,” mentioned Josh Altman. “My first yr as a realtor I used to be misplaced; I offered one home! I’d have carried out something to have one thing like BidMyListing the place I knew precisely how a lot it could price to get a list moderately than throwing cash towards the wall and hoping one of many quite a few promoting shops labored. Your cash is nearly as good as any business veteran at BidMyListing. You get in entrance of actual sellers that you just usually wouldn’t have an opportunity to. On the identical time, we’re educating sellers on who your best option is to promote their largest funding of their lives. Actual property brokers are placing cash in owners’ pockets up entrance! It is a win win.”

For owners, the method is easy:

  • Step 1: Create a property profile. Enter an handle and BidMyListing’s sensible expertise will mechanically create the itemizing. Residence sellers verify the handle, property particulars, present an outline, and set a goal gross sales worth.

  • Step 2: Get sensible matched with prime actual property brokers. Actual property brokers are alerted when there’s a itemizing that’s of their market. Brokers bid on the suitable to signify the vendor within the sale of their residence. Sellers are introduced with bids and select a winner based mostly on the money upfront, itemizing time period, actual property agent’s expertise, fee or a mixture of all.

  • Step 3: As soon as the itemizing settlement is signed, the homeseller will get paid money upfront and the agent will get to work on the itemizing they’ve invested in.

Along with The Altman Brothers workforce, BidMyListing has been designed with the recommendation and steerage of many prime thought leaders in expertise and actual property. BidMyListing’s Chief Expertise Officer (CTO) is John Nicholas, former CTO with Carrington Retail Group and SVP of Product at Public sale.com/Ten-X. Ryan Dranginis serves because the Chief Advertising and marketing Officer (CMO) and brings his digital and omni-channel experience spanning client expertise merchandise and groups, serving because the prior CMO for Vesta and Senior Vice President of Advertising and marketing at Vylla. Shelly Cofini, Director of Acquisitions, brings over 20 years of senior degree administration and enterprise improvement experience to champion go-to-market methods, spanning expertise to channel companion improvement.

The corporate is funded with a $5M seed funding from DP Dakota Ventures, part of Deer Park Street Enterprise Capital, which closed in April 2022. The corporate plans one other fundraising effort, which will probably be introduced in summer time 2022.

Each owners and brokers can be part of the platform totally free by visiting bidmylisting.com.

1 , 3 Nationwide Affiliation of REALTORS®

2 Analysis agency Borrell Associates

About BidMyListing

BidMyListing turns actual property listings into belongings. Our platform connects prime actual property brokers with homebuyers able to promote and eliminates the guesswork within the residence promoting course of. Based in 2021 BidMyListing is backed by an skilled workforce, enterprise companions, and stands prepared that will help you make higher selections about actual property. For extra info, go to, www.bidmylisting.com.

Contact Particulars

The Hoyt Group

Alyson Campbell

+1 646-895-2841

acampbell@hoytorg.com

The Hoyt Group

Cinnamon Thompson

+1 310-933-6836

cthompson@hoytorg.com

Firm Web site

https://www.bidmylisting.com/

View supply model on newsdirect.com: https://newsdirect.com/information/bidmylisting-introduces-the-first-digital-marketplace-allowing-real-estate-agents-to-bid-on-listing-opportunities-331727419



Supply hyperlink