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
The Wal-Mart “Pick Up Today” program allows consumers to purchase merchandise online and receive free same-day pick up at the Wal-Mart of their choice. While currently available at some Wal-Mart locations, this feature will be rolled out nationwide by the end of March.
Ikea has created a social network that encourages all home lovers to share photos of their homes.