Countdown to Buy, a next generation online real estate marketplace that offers a fair and effective way to buy and sell properties, has announced the launch of its automated real estate matching platform. The Countdown to Buy platform is equally capable of supporting foreclosures, short sales and traditional property transactions.
In conjunction with the launch, the company has entered into an agreement with a leading nationwide servicer of residential mortgages for its initial pilot program and will be offering a sampling of properties located in Connecticut, New Jersey and New York starting on Dec. 8, 2009, with the potential for additional locations to be added. The Company is currently in negotiations with other leading banks and servicers for additional programs throughout the United States.
Founded in 2008, Countdown to Buy uses a patent pending technology that automatically matches buyers and sellers in a real estate transaction through a time-limited process that reduces the property’s list price one percent per day. Confidentially submitted offers are systematically compared to the daily price and when an offer matches or exceeds that price, the offer is automatically accepted and the contract process is initiated. Through the Company’s website, www.countdowntobuy.com, property listings can be researched, showings can be arranged, and offers can be submitted.
For a video simulation of how the Countdown to Buy process works, click here.
“We set out to create an environment of trust between buyers, sellers, and third parties,” commented Jim Hodson, chief executive officer and founder of Countdown to Buy. “Now more than ever homebuyers need 100 percent transparency and unbiased information throughout the entire home purchase process. Countdown to Buy’s online real estate platform eliminates negotiation and mitigates uncertainty surrounding the foreclosure market--essentially unlocking foreclosure purchase opportunities for homebuyers.”
Through Countdown To Buy’s unique process, home buyers can obtain unprecedented access to information on a property and then place offers 24/7. Banks and servicers benefit from a process which accelerates the sales cycle, maximizes returns and mitigates risks.
“Banks and servicers are currently holding considerable volumes of non-performing assets and it is expected to increase in the months to come,” said Dan Connell, president of Countdown to Buy. “From list to close, we have improved the homebuying experience and we believe Countdown to Buy will significantly accelerate the sale of a property while ensuring buyers are getting the best possible value on the home of their choice.”
For more information, visit www.countdowntobuy.com.