The real estate auction website 123Sold.com is boosting Internet home sales despite a deflated housing bubble. The new website has managed to breathe life into a declining housing market by empowering home buyers and sellers.

“123Sold.com is creating a revolution in real estate and becoming the premier marketplace for realty purchase and sale,” says Ben Stern, 123Sold.com founder and real estate expert. “Our company is shifting the balance of power in the industry, giving both buyers and sellers more control.”

By combining the Internet, auctions, and For Sale By Owner (FSBO), 123Sold.com harnesses these three cultural phenomena, successfully applying them to Internet home sales.

Since the site launch, more than 10,000 bids have been placed on homes, confirming the home-buying public’s desire to purchase a home with no real estate commission despite the absence of a housing bubble, making 123Sold.com ideal.

Posted: 01|23|08 at 9:25 am. Filed under: Auction News.