RealTime IT News

Location, Location! eBay Launches Real Estate Category

eBay Inc. signed a deal with online real estate brokerage zipRealty.com and created a new category called eBay Real Estate.

zipRealty.com will provide professional real estate services as part of the new category. Financial arrangements were not disclosed.

eBay Real Estate is intended to make property transactions on eBay easier for buyers and sellers, and to provide a dedicated home for eBay's emerging real estate marketplace, the company said. The new category is also accessible from zipRealty.com's home page.

"Buying or selling a home is one of the largest, most complex and time consuming transactions that people make," said eBay COO Brian Swette. "Our goal with eBay Real Estate is to offer a better way for people to buy or sell practically any type of property on earth."

The real estate category is "a work in progress," eBay said, and is being developed with the active participation of the eBay community and zipRealty.com.

eBay Real Estate currently offers real estate professionals and "do-it-yourself" sellers the option to place a non-binding listing on eBay. Sellers may also choose a full-service brokered solution offered by zipRealty.com

"We believe that zipRealty.com's 'Web and wheels' approach and our licensed real estate agents should offer a fantastic resource for the eBay community and will be an essential element of the new Real Estate category," said zipRealty.com chief executive officer and co-founder Juan Mini.

"We plan to bring our transaction management services and real estate experience to help the eBay community leverage the power of technology to buy or sell their homes more easily, saving both time and money."

zipRealty.com's relationship with eBay currently includes the following metropolitan areas: Atlanta, Baltimore, Boston, Dallas, Los Angeles, San Diego, the San Francisco Bay Area, Seattle and Washington, D.C.