* Real Estate Auctions
- Sealed bid (bid deadline)
* Structured sales (non auction listings)
* Real Estate Types:
- Luxury Residential
- Multi-family Income Property
- Builder closouts
- SFR Rental Portfolios
- Commercial real estate events (see www.zetabid.com)
SPEED: Property sellers can expedite an otherwise slow stressful marketing process. Auctions instantly attract all active and passive buyers in the market with combination of below market starting price and setting the offer deadlline. Auctions are especially effective with properties that have been on the market a long time and need new energy.
CERTAINTY: Auction's dictate the date the property will be sold to the market, Auction sales also come with less contract contingencies providing an additional layer of transaction certainty.
MARKETING IMPACT: Auctions create a sense of opportunity and buyers respond to auction marketing at a higher rate than traditional listings. Our branding does not utilize distressed positioning. Zetabid uses a low starting bid (list price) on the MLS to generate maximum attention (much like Wall Street IPO pricing strategies). Zetabid also offers a much broader reach with its advertising.
EXPERIENCE: Zetabid was founded by the Tribune Company (Los Angeles Times Media Group) and Heritage Global Partners, (one of the worlds' largest auction firms) in 2008.
Founding investors included: The Charles Schwab Company, Marcus and Millichap Venture Partners and Hal Ellis (Grubb & Ellis- Now Newmark Knight Frank a national commercial real estate firm),
Zetabid principals have completed some of the biggest auctions in the USA over the last 30 years including the largest two day sale of real estate in US history for the FDIC in 1992 where Zetabid founders invented the ballroom auction format.
Let us generate a bidding war for your real estate.