RealTime IT News

Homes.com to Build on Product Suites

Leading real estate Web portal Homes.com Thursday announced plans to add a new eCommerce auction module to its consumer and business-to-business product suites.

The auction service, scheduled for a nationwide rollout in the first quarter of 2000, will be placed in the Homes.com consumer portal and the real estate professional product suite, which will allow the company's network of 65,000 agents and brokers to immediately offer online homeauction services directly to consumers.

Individual property listings will be flagged with auction information, and will also be available on a designated Home Auction section of the site. Agents and brokers will have multiple auction types and services from which to choose for selling property, including: English auctions, sealed bids, and open auctions.

"This new service is all about using the power of the Web to deliver a real estate experience of unprecedented convenience, not just for buyers and sellers, but for agents and brokers as well," said Bob Prince, Homes.com chief executive officer and president.

"The online home auction allows all parties to get maximum value out of the transaction, and allows buyers the opportunity to make their bid heard no matter where they may be."