Real estate site levels playing field for condo auctions 

Average consumers are sometimes locked out of preconstruction sales of condominium units, but a new online auction site aims to change that, said Tony Isbell of Condobid.com.

Isbell, executive vice president of operations for the upstart CondoBid.com auction site, said that developers sometimes offer first dibs at new condominium units to "a select group" that can include friends and business associates.

"We are replacing the offering system that developers are using, which we feel is unfair to the general public," he said.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.