Released on: October 29, 2008, 1:14 am

Press Release Author: Michelle Sheppard

Industry: Real Estate

Press Release Summary: Housebid21.com, a new property website is set to breathe much
needed life into the housing market.

Press Release Body: London, UK, October 29, 2008 -- GOOD news has been in short
supply for home owners, especially those trying to sell.

But a new property website is set to breathe much needed life into the housing market.

Housebid21.com allows buyers to bid for property online, and find the best-priced
houses in their local region easily.

"It's a bit like an auction but without the drawbacks," said chief executive,
Michelle Sheppard.

"Bids are not binding - the whole system is non contractual because buyers are
indicating a price rather than entering a contract, until they decide they want to -
but it really seems to stimulate activity in a sluggish market and get things
moving."

Already, buyers and sellers are welcoming the 'transparency' of the process because
emails are sent automatically to all interested parties, keeping them informed of
how the bidding is going.

"Everyone knows what's going on, everything is out in the open and there's no
secrecy," said Michelle. "We've found that buyers and sellers really like this
aspect of the site."

"Live property auctions attract relatively few people but the website can bring the
auction process to anyone. It's completely accessible."

She added: "Housebid21 can really help get properties moving, although vendors need
to be realistic and prepared to discount, especially in the current climate."

Michelle, who has a high street estate agency in Salisbury explained: "When the
phone calls began dropping off and people stopped coming through the door, we looked
around for another way of putting buyers and sellers together.

Vendors must register with a subscribed estate agent who places their property on
the site where it stays for 21 days.

Clients can then view the property through the agent and place a bid. At the end of
the three weeks, the vendor and highest bidder can negotiate, but there's no
obligation to buy.

The bids confer 'preferred bidder' status only and a vendor can accept a bid at any
time.

The idea was piloted by Michelle with several properties from an agency in
Wiltshire, all listed at competitive prices.

"Almost instantly the agent received significantly more inquiries for viewing, with
buyers latching onto the concept quickly and being reassured that all they were
doing at that point was indicating a price."

She added: "Housebid21 generates interest in properties through the power of the
internet and draws buyers in.

"It also gives a vendor a clear idea of what the market will bear and what a
realistic price is for the property. And let's face it, there has been a lot of
overvaluing in the past."

About Housebid21
Housebid21 is a new online property auction site that allows customers bid on house
without any ties. Launched recently, Housebid21.com has attracted 12,000 hits a day
since its launch in September.
Press Release submission By PressReleasePoint(http://www.pressreleasepoint.com)

Web Site: http://www.housebid21.com

Contact Details: Press Contact:
Michelle Sheppard
Housebid21 Ltd
49 Castle Street
Salisbury
Wiltshire, SP1 3SP
0845 6028839
housebid21@gmail.com
http://www.housebid21.com