IBidcondo Prepares For First Ever Online Live Property Auction On 2009: Story Connect

iBidcondo Prepares for First Ever Online Live Property Auction on

Our Story Connect With Us Posted on Tuesday, May 19, 2009 Already Receiving Overwhelming Response, Auction Expecting Participants from Multiple Continents iBidcondo’s innovative selling
system follows the process of a tradition property auction with the exception that there is no minimum or reserve price. Unlike many other online auctions, iBidcondo does not charge bidders for each bid. To cover the retail price of the property being auctioned, iBidcondo sells a limited number of virtual auction seats at an average of $100 per seat. With the need for a minimum price now removed, it is left to the bidders to determine the auction price of the property. This innovative process also permits the net proceeds (estimated around 80%)to be donated to a registered charity of the highest bidder’s choice. iBidcondo’s first auction has prompted a global response from countries including Australia, Brazil, Canada, India, Italy, Portugal, the United Kingdom, and the United States. With the ease of internet access, anyone from around the world can participate in this exciting live online auction. iBidcondo has also amassed a great following and legion of fans on popular online social networking communities including Facebook, Twitter and Flickr. Founder of iBidcondo, Eugene Marchese has seen an immense response from the property virgin market. “iBidcondo is presenting a major opportunity to those consumers who are just starting out in the real estate market” Eugene explains. “With a chance to bid on a home that they would normally need to save for years to afford, young professionals and newlyweds are jumping at the chance to bid on their dream home for what we believe will be a bargain price.”
The lucky winner will be able to claim Austin, Texas as their home. With the motto of “Keep Austin Weird” this eclectic town is full of nonstop fun. Culinary adventures await discovery in the hometown of Whole Foods headquarters, classic Texas barbeque at County Line BBQ, fine dining at Jeffrey’s, or the ultimate Tex-Mex at Vivo. Music revelations are a daily occurrence in the “Live Music Capital of the World” with over 200 live music venues through t he Red River, Sixth Street, East and South Austin, Market and Warehouse Districts. Austin is home to various festivals and other musical attractions including South by Southwest which showcases the best in indie film and music from around the world. Shops, Spas and a thriving tourism industry keep this city thriving.

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NOTE: This is a virtual (online) event
United States
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