Bid on the City hosts Live Bidding Event on Nov 16th for over $30 million worth of New York Real Estate

[FOR IMMEDIATE RELEASE – Nov 16, 2010] New York, NY – Bid on the City, a high-tech real estate auction company, is hosting a live bidding event on Tuesday, November 16th, for over $30 million worth of properties in Manhattan and Westchester County, New York. If you haven’t participated in a Bid on the City live bidding auction yet, consider it like eBay for Manhattan real estate, but with an additional twist that bidders can participate live orwatch and bid online. Past bidding eventshave resulted in a number of successful property sales. The company has recently added Mobile and TV-based bidding options to the mix as well, although these are less utilized than the online and live participation options.
Bidonthecity.com utilizes a sophisticated back-end technology to facilitate the bidding process. While all bids start at $1.00, most sellers set a minimum reserve price for the property to be sold. Given the decline in residential real estate pricing over the past few years, auctions have proven to be an effective way to match potential buyers and sellers. Use of Bid on the City technology has also been effective in enabling international buyers to compete in one of the world’s most desirable real estate markets – New York City. Further, Bid on the City has expanded into Westchester and The Hamptons and has just begun expanding internationally with Bid on the City Moscow and will soon be launching into other popular European, Asian and Latin American cities. This week’s live bidding event focuses on Manhattan and Westchester properties. Forbuyers the process is simple and transparent providing, detailed property specifications with virtual tours, floor plans, photos, property neighborhood history and more. For sellers Bid on the City list properties for 30 days, extensively advertised and promoted worldwide, then qualified buyers compete to purchase the property.
The onsite bidding event take place at Bid on the City’s 226 Fifth Avenue Bidding Center in New York City. There is still time to register to bid, registration is free and takes just a minute.
To see complete details on all 24 properties, go to www.bidonthecity.com

Bid on the City, a high-tech real estate auction company, is hosting a live bidding event on Tuesday, November 16th, for over $30 million worth of properties in Manhattan and Westchester County, New York.

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This release was published on openPR.