CHICAGO--(BUSINESS WIRE)--RealEstateAuctionsINC.com, a Diliberto Real Estate Services Company (DRES), announces the formation of the Accredited Auction Buyer’s Network.
DRES, known for its real estate auction activities and bidding platform; realestateauctionsINC.com; plans to use its affiliations with real estate investment banks, Funds and REIT’s to increase its base of immediately qualified auction bidders.
The network, referred to as “Accredited Auction Bidder’s Network,” creates a constant flow of buyers standing by for acquisition through auction. Members of the Network will have standing qualifications to bid for certain asset types in certain markets, with immediately available funds to close.
According to Frank Diliberto, of DRES, the company’s continued aim is toward creating a “trading floor for real estate” including buy and sell side assistance and integration of due diligence and financing to guarantee closing for qualified bidders. “Buying real estate at auction should be like transacting a trade for stock,” he added.
Adding capital markets investors and resources to real estate is expected to be a major advantage in the coming year. According to PWC and ULI in Emerging in Real EstateTrends 2014: “the availability of debt and equity capital is on the rise in 2014. Sources of capital are becoming more comfortable with the improving conditions in the market and are willing to invest in more markets and in a wider set of investment strategies.”
“For sellers, this is good news, as it brings unusual buyers to the table, which has been in or out of the real estate sector,” said Gino Diliberto, Acquisition Analyst for Diliberto.
The combining of private capital into the auction trading floor model seems to allow buyers and sellers to share in transparent transactions and allows private capital sources to know value by competitive bidding.
Diliberto Real Estate Services, LLC is a leader in Real Estate Advisory and Auction Services... with transactions across America... and selected markets globally. SERVICES range from stand- alone real estate and finance advisory assignments, to real estate auction execution including debt reduction solutions. AUCTION SERVICES make the difference when both time and price matter. Time definite sales processes provide sales in weeks, at market prices, allowing sellers to reduce cost and efficiently resolve debt challenges.