Real Estate Disposition Corp (REDC/Auction.com) held an online only real estate auction in Texas this past weekend featuring 120 properties.
They reported yesterday that 95 percent of the properties sold for a total of $10.3 million in sales. Not too bad for one weekend and this was just part of their $47.4 million in total sales that includes their other auctions.
The great news for real estate agents in Texas and around the country is that those sales were all done online. No hotel ballroom to pay for and coordinate, no bid calling, just point buyers to the website and let them bid away.
The same technology to use online bidding is available to real estate agents today and it's a great time to take advantage of it.
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