House & Home (128)
Houses can go backwards
After many months without finding a buyer for his home, David Garcia decided to launch tupisoporuneuro.com , where potential buyers can bid for his house via reverse auction. The bids have a minimum of 1 euro and a maximum of 150 euros and the winner is whoever makes the lowest bid that is not repeated. The scheme works by charging bidders per bid allowing the operator to recoup the cost of the property and auction process.
Why it matters
The reverse auction trend has been buoyant for some time now, and now it appears to be property’s moment. As more and more buyers struggle to enter the market, will auctions become a route to affordable housing? What will this mean for property marketing on the whole?
Source: Europa Press
16. September 2009
‘Laboratory of (handmade) dreams’ has opened its third shop in Moscow, selling handmade crafts for the home which are dedicated to sleeping – from a collection of pillows and angels to “z-gates” that protect sweet dreams.
Lockitron is a system that controls your house access by locking or unlocking your door from your smartphone. Once installed on your door, you can control the keyless entry thanks to the app via an online connection, no matter where you are in the world. Lockitron also allows you to create profiles for people you want to give access to on a regular basis. The system also works with basic text messaging.