HOUSTON (Sept. 29, 2003) - The Institute for Luxury Home Marketing has selected LuxuryBid.com's new online auction platform as the exclusive accelerated marketing program it will promote to its approximately 1,000 members.
"This is the first auction program that we feel truly emphasizes the real estate agent and broker's value in the auction transaction," said Institute founder and President Laurie Moore-Moore. "LuxuryBid's Online Bidding program utilizes the power, reach and convenience of the Internet while protecting the client relationships and commissions of real estate professionals within the process. LuxuryBid offers an innovative and effective technique for creating 'bidding event' excitement for luxury homes and estate properties."
LuxuryBid.com was designed by the creators of RealtyBid.com.
"Having successfully proven a model of selling traditional real estate assets online through RealtyBid.com, we knew our online bidding program would be a valuable sales tool for typically slower-moving luxury properties," said Tony Isbell, president, LuxuryBid.com.
"LuxuryBid is seeking to align its program with the best and the brightest in the luxury property arena," said Isbell. "Having an exclusive endorsement from a quality individual such as Laurie and her nationally-recognized Institute for Luxury Home Marketing says volumes about the future of this program."
Isbell said RealtyBid.com has proven that real estate assets of all types and values can be sold through competitive online bidding. He cited a recent closed sale through the Web site of four U.S. properties to investors from Great Britain, proving the value of the Internet in making geographic boundaries transparent for buyers and sellers.
"The LuxuryBid staff has tremendous experience with luxury property auctions and the firm has now created an agent-centric tool that will assist upper-tier real estate professionals while protecting the valuable relationships they establish with their clients," said Isbell. "LuxuryBid is an add-on tool that will work for motivated sellers and their agents and brokers."
About The Institute for Luxury Home Marketing
The Institute for Luxury Home Marketing was founded in response to the growing need for information and training in the luxury home field. Institute members receive special training in the marketing of upper-tier properties and access to a variety of tools and services designed exclusively for the luxury home market. The Institute is based in Dallas and has an international membership base. Real estate professionals who are interested in training and membership may contact The Institute at info@LuxuryHomeMarketing or phone (214) 485-3000.
Houston-based RealtyBid International, Inc. (RBI) is a wholly owned subsidiary of Stewart Information Services Corp. RBI is a national leader in online sales and bidding events for real estate of all types having sold more than 4,000 real estate assets for individuals, brokers, financial institutions and corporations since 1999. The company has quickly become one of the most expressive advocates for the use of Internet technology as a means for bringing real estate buyers and sellers together efficiently and effectively. More information on RealtyBid.com and LuxuryBid.com (www.luxury-bid.com) can be found at each Web site.
Stewart Information Services Corp. (NYSE-STC) is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 6,900 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records, property and land ownership mapping, and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.
Laurie Moore-Moore serves as an advisory director on the Stewart Information Services Corp. board of directors.