California-based ListedBy made its debut, launching a free online live auction, social network and services marketplace. The company saw a void in the market and felt it was time to launch a transparent online auction and property search arena where industry professionals, consumers, investors and service providers can network, research, list and purchase real estate assets.
ListedBy has merged the simplicity and effectiveness of a classifieds advertising website, with state-of-the-art live auction technology, to help accelerate sales and maximize asset value.
The company wanted to lift the secrecy off the real estate auction process, and to encourage wider participation from both buyers and sellers. ListedBy also aimed at eliminating typically restrictive costs including auction registration fees and share of proceeds, usually imposed on traditional auction venue, by having its marketplace be entirely free.
Real estate brokers, agents, investors, bulk asset holders and consumers can register on ListedBy and post, also free of charge, residential or commercial Multiple Listing Service (MLS), For Sale By Owner (FSBO), pre-foreclosure and Real Estate Owned (REO) assets and Notes, with up to 25 photos and great detail, to support each listing.
Users can purchase optional ‘Featured Listing’ placement, to enhance listing exposure on the site. Corporate advertisers may also purchase advertising banner placement across the site and the opportunity to be shown as approved service providers throughout the site as well.
To further drive exposure on ListedBy, community members can engage on ListedBy Social, ListedBy’s social network where consumers, real estate professionals and service providers connect, post reviews and recommendations, discuss industry issues and generate new business.
Leads generated on ListedBy are delivered to the participating members, free of charge.
A fair operating environment prominently and clearly associates listing assets with their respective listing agents on ListedBy, and displays the agent’s contact information and live links, for hassle free, convenient access by visitors.
Four auction types are offered on ListedBy, including No Reserve Live Auction, Reserve Live Auction, Own-It-Now Best Offer (OIN/BO) Listing, and Best Offer.
Stephan Piscano, ListedBy founder and chief executive officer, said: “ListedBy considers real estate professionals and service providers as critical success partners. For example, a listing agent on ListedBy is never overshadowed by another agent on his or her listing page, and leads are never collected and sold back to the listing broker or their competitors. We are working to build a thriving, positive community that benefits all our members.”