Pershing County's First Online Tax Sale Generates over $1,000,000
Online real estate auction attracts 109 bidders from 20 states
By: Bid4Assets Inc.
"We're thrilled with the results Bid4Assets has produced for Pershing County," said Lacey Donaldson, Pershing County Clerk-Treasurer, "The auction process was streamlined, accessible and returned the majority of the properties in the sale to productive use for the county. What's more, the service was free for Pershing County and won't cost our taxpayers a cent."
Online bidding took place from June 14th to June 18th. Of the 270 properties that were listed, 39 properties were redeemed and 180 were sold, primarily vacant land. The online sale attracted 109 bidders from 20 states around the country including New York, Florida, Kentucky and Alabama. Winning bids ranged from $350 to $50,501.
"We're honored to serve Pershing County and we're happy to see our online auction process bring them such tremendous results, especially considering this was their first-ever online tax sale," said Jesse Loomis, CEO of Bid4Assets. "Bid4Assets ran extensive advertising, including a targeted mailing to Nevada landholders in the region, email alerts to our 700,000+ registered users, and extensive real estate advertising on sites like Zillow.com. We are eager to do the same for other counties in Nevada and around the U.S."
Bid4Assets was founded in 1999 and has sold tax-defaulted property for over 85 counties nationwide.
Bid4Assets (http://www.bid4assets.com) is an online auction site based in Silver Spring, Md. The privately held company auctions distressed real estate for the federal government, county tax-collectors, financial institutions and real estate funds. Bid4Assets has conducted online tax sales for over 85 counties and cities nationwide, including counties in California, Washington, Nevada, Virginia, Idaho, Michigan and Missouri. Since its inception in 1999, the company has sold more than 100,000 properties nationwide and grossed over a billion dollars in auction sales.
Bid4Assets Marketing Manager