Real estate marketplace based on bidding for listings

The service allows real estate agents to utilize marketing dollars to directly purchase the actual listings versus simply hoping to generate a lead. Homeowners have the assurance of a dedicated real estate agent for their property – who is willing to invest in an exclusive right to list their home, company officials added.

Read more: What does the pullback in pending home sales mean for the housing market?

BidMyListing’s premise is rooted in a known statistic: The National Association of Realtors (NAR) estimates that nearly three out of every four sellers give their listings to the first agent they meet, officials noted. At the same time, agents invest more than $22 billion annually and spend more than 75% of their time chasing listings with only a 2% conversion rate, officials said in adding another supporting statistic.

Founded in 2021, BidMyListing began development and softly launched to test the marketplace. Company officials said they were in the process of assembling a “dream team” of some of the most successful innovators in real estate, technology, and venture funding. Chief among this team are real estate moguls Josh and Matt Altman of The Altman Brothers. Josh Altman consistently ranks in the top 1% of all agents nationally. In 2021, Josh sold over $1.46 billion in transactions. He and his brother are also known for their long-time roles on Bravo TV’s Million Dollar Listing Los Angeles.

“BidMyListing is the first company I have seen that truly helps both the homeowner and the agent. It evens the playing field for agents across the industry, and for the first time ever brings comfort to home sellers with an agent fighting for them who believes in the property and has skin in the game,” Josh Altman said. “My first year as a realtor I was lost; I sold one house! I would have done anything to have something like BidMyListing where I knew exactly how much it would cost to get a listing rather than throwing money against the wall and hoping one of the numerous advertising outlets worked. Your money is as good as any industry veteran at BidMyListing. You get in front of real sellers that you normally wouldn’t have a chance to. At the same time, we are educating sellers on who the best choice is to sell their biggest investment in their lives. Real estate agents are putting money in homeowners’ pockets up front! It’s a win-win.”