LANDFLIP.com Launches New Land Auction Tab as the Number of Real Estate Bidders Surges

As auctions become an increasingly popular marketing tool for selling property, and investors race to ‘name their price’, LANDFLIP.com launches a new land ‘Auctions’ tab to capitalize on the bidding frenzy taking over the real estate industry.

Atlanta, GA — November 18, 2008 — In recent years, real estate auctions have become increasingly popular among sellers, agents and other industry professionals who want to create a sense of excitement and urgency to move property quickly. Auctions have also become the preferred method of purchasing property among savvy buyers and investors searching for the best deals in the industry. In response to this trend, LANDFLIP.com has launched a new land ‘Auctions’ tab, featuring homesites, farm land, hunting land, commercial lots and other types of property across the United States. In addition to luring eager buyers, the new section is quickly becoming prime real estate for land auctioneers with new listings eager to reach prospective bidders.

While residential home sales and values have plummeted sending the market into distress, land sales have remained steady, and rural land property values have continued to appreciate. In 2007, auction sales grew 5.3 percent, with agricultural, residential and commercial land auctions comprising a significant portion of the market. Additionally, a number of prominent real estate firms have launched auction divisions to capitalize on this growing trend, and buyers are increasingly scouring the Internet to learn more about how they can strategically profit from auctions to diversify their portfolios.

“For many, the perception is that the majority of land auctions are foreclosures that haven’t been maintained and are accompanied by a great deal of risk, but that’s not always true,” said Ryan Folk, founder of LANDFLIP.com. “While banks are auctioning off property frequently to attempt to recoup losses on foreclosures, many of the auctions that are advertised on our site are for prime homesites, farm land, commercial property and other types of land. Industry professionals are using auctions as an innovative way to attract new buyers and navigate the current buyer’s market.”

LANDFLIP.com land auction listings provide comprehensive data for potential buyers searching for real estate deals on the Internet. The listings include the auction date, land features, available utilities, location and directions and the auctioneer’s contact information. Potential buyers also have the option of emailing the land auctioneer, as well as printing the sales flyer, saving the listing to their ‘Land Buyer Profile’ or forwarding the listing to a third party.

“From zoning and the terms to the inspection dates, we give potential buyers access to everything they need to know to educate themselves on the property, and do their due diligence before deciding to attend a land auction,” said Folk. “LANDFLIP.com is ideal for veteran investors, but also especially helpful for novices who are getting their feet wet, and perhaps bidding on a property for the first time.”

LANDFLIP.com is also ideal for sellers who want to advertise their property. According to the National Association of Realtors, average advertising costs for auction sales can cost the seller up to four percent of the estimated proceeds. LANDFLIP.com provides an affordable means of advertising for land auctioneers who want to advertise the sale or auction of hunting land, farm land, home sites, timber land, horse farms, ranches and other land.

“Our site has experienced tremendous growth since it first launched, and we’re constantly adding new features and resources to cater to our growing subscriber base of land buyers, sellers and real estate professionals,” said Folk. “Most buyers these days use the internet to search for their next real estate purchase, and our goal is to become their first choice for finding the best land deals anywhere in the United States.”

To review current listings or to advertise land, visit LANDFLIP.com today. Sign up for the LANDFLIP newsletter to receive the latest land listings, land articles, and tips and advice from land experts.

About LANDFLIP, Inc.
LANDFLIP, Inc. is headquartered in Madison, Georgia and specializes in developing innovative online resources for consumers and real estate professionals. Since 2004, the company has launched two websites, LANDFLIP.com and LandThink.com to help land owners, real estate brokers, agents, auctioneers, buyers and investors navigate the land buying and selling process with ease. LANDFLIP.com (www.landflip.com) offers buyers and sellers an easy and affordable way to list, market or search for land. LandThink.com (www.landthink.com) is the authoritative online resource for land investors, buyers, sellers and owners to get expert advice, knowledge, opinions, trends, and tips related to land. The site also features the Get Land Smart newsletter, a helpful guide to information on buying, selling or investing in land.

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