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Countdown To Buy provides mid-year status report
Aug 11, 2010

Countdown To Buy, a next generation online real estate marketplace that offers fair and effective solutions to buy and sell properties, has provided a progress update and strategic commentary on its online marketplace that removes uncertainty and restores confidence in the real estate transaction model for foreclosure and distressed properties. “Over the last seven months, Countdown To Buy has demonstrated that by working closely with listing agents, an accelerated sales cycle can be achieved without sacrificing sales price," said Tom Furey, managing partner of Countdown To Buy. "Buyers and their agents are provided direct access to independently prepared valuation reports, and a trusted offer management platform that reduces prices one percent per day until a sealed offer meets the daily price."     Key company metrics and accomplishments ►Recognized as a top industry innovator by Bank Technology News and Connecticut Quality Improvement Award. ►Secured more than $1.5 million in funding from investors. ►Successfully completed two pilot programs for leading financial institutions. ►Obtained additional pilot commitments from domestic and international developers. ►Featured properties in 19 states ranging in price from $20,000 to $680,000. ►Sold more than 75 percent of all properties featured on the platform. ►Sold properties ranging in price from $20,000 to $220,000. ►Average sales price exceeded comparable industry benchmarks. ►Averaged 17 days from list to an accepted offer. ►More than 90 percent of all accepted offers made it to closing. ►Effectively improved overall sales performance on both new and aged real estate-owned (REO) properties. “We’ve been fortunate to work with large institutional clients that are open to innovation and willing to help us set a new standard for trust, transparency, and efficiency in real estate transactions," said Jim Hodson, chief executive officer of Countdown To Buy. "The new principles we introduced to the marketplace work well beyond REO so the foundation is now set to expand into Short Sales, help jumpstart or revive developments and subdivisions, and launch our high-end and international property pilots." For more information, visit
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