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Happy Home Buyers Snap Up RealtyBid’s Foreclosure Deals

Mark DeGolyer and Ruthe Joyner DeGolyer had never purchased a home through a real estate auction before, let alone through an online auction, and like many people who consider the online avenue for a home purchase, the DeGolyers were nervous at first. But, once they explored ""RealtyBid.com's"":http://www.realtybid.com site and registered as bidders, they say their experience was nothing but positive.
Ruthe said, ""I was not familiar with the process, but I called RealtyBid.com customer service, and they walked us through how the online auctions work. We registered as bidders, and after that it was a cakewalk.""
The DeGolyers, who live in North Carolina, purchased two bank-owned, foreclosure condominiums in the Myrtle Beach, South Carolina area via RealtyBid.com, an online auction house for residential properties headquartered in Rainbow City, Alabama.
According to Ruthe, both properties were tremendous deals. When they first saw the low starting bids for each of their two RealtyBid.com condos, they assumed the properties would be ""run down,"" but they found the opposite to be true, she said. ""When we viewed our first RealtyBid.com purchase before bidding, we stepped in and found extremely nice tile, stainless steel appliances, attractive design…it was wonderful. Both of the condos we bought are in great shape,"" Ruthe said.
She added, ""I’ve always said if I experience something good, I’m going to share that information, and that’s how I feel about RealtyBid.com. I’ve bought and sold 18 properties over the years, and these purchases were by far, the most painless. Everyone we dealt with at RealtyBid.com was courteous, patient and knowledgeable.""
According to RealtyBid, the DeGolyers aren’t alone in their satisfaction with the foreclosure deals they’ve found through RealtyBid.com. Thousands of home buyers looking for deals on foreclosures are turning to RealtyBid.com’s online home auctions, evidenced by the company's record-setting numbers for the first quarter of 2009. RealtyBid.com CEO and president, Tony Isbell, said the Web site’s online home sales grew by more than 37 percent in 2009 over first quarter 2008, and by almost 50 percent over first quarter 2007.
""The first quarter of 2009 was our biggest first quarter ever, and January, February and March were each individually record-breakers compared to those same months in previous years,"" Isbell said. ""Additionally, our number of new registered bidders was up more than 62 percent during the first quarter of 2009.""
Isbell continued, ""What that says to me is that we are offering a product that is extremely enticing to potential home buyers. There’s an abundance of bank-owned properties right now, and we are helping banks put those properties back into private ownership. In the process, buyers are getting phenomenal deals on foreclosure homes.""
Lenders are anxious to sell the homes that have come to them through foreclosure, according to RealtyBid.com's EVP Mike Keracher. ""The banks have looked to us to sell these properties, and because they are ready and willing to ‘move’ them, we are able to offer tremendous bargains to buyers,"" Keracher explained.
Thousands of homes are available each month on ""RealtyBid.com"":http://www.realtybid.com from the nation’s largest lenders, builders, and real estate brokerage firms. The company has sold more than 20,000 homes online and was ranked as the nation’s number one sales team in terms of transactions in both the 2008 and 2007 Lore Magazine/Wall Street Journal/Real Trends ""Real Estate Top 200.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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