* Real Estate Auctions
- Sealed bid
* 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 force interested buyers off the fence by setting the date the asset will be sold and requiring buyer action. Auctions are especially effective with properties that have been on the market a long time and need new life.
CERTAINTY: Auction's dictate the date the property will be sold compared to the buyer dictating with conventional brokerage listings. Auction sales 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 to generate maximum attention much like IPO pricing strategies. Zetabid also offers a much broader reach with its advertising.
EXPERIENCE: Zetabid was founded by the Tribune Company and Go-Dove, (one of the worlds largest auction firms) in 2008; conducting over 20 large ballroom auctions of foreclosed homes. Founding investors included Hal Ellis (Grubb & Ellis), Charles Schwab Company and Marcus and Millichap Venture Partners
In 2015 It formed an alliance with Heritage Global, Inc. to focus on commercial and luxury residential real estate market. Heritage CEO Ross Dove partnered with Grubb &Ellis to conduct the largest real esteate auction ever held for the FDIC in 1992. Zetabid principals have completed some of the biggest auctions in the USA over the last 30 years.
Let us generate a bidding war for your real estate.