W3 Spin|Internet news blog

Countdown to Buy, a Bethel, Connecticut based start-up real estate firm, has a few things to teach a St. Petersburg homes for sale real estate company in Florida about the way they do business with banks.

The Connecticut company has been running an online service for banks to list foreclosed property and every day the property that’s still on the market, it is automatically reduced by one percent.

The purpose of the auto-discounted engine is to motivate home sellers and buyers to cut deals rather than have properties suffer in a market that is up and down with few signs of stabilizing and at extremely high prices. Once the asking price is exceeded or is matched by an offer, it is automatically accepted and the contract process begins so the house will soon have a new family calling it a home.  

Many real estate agents are urging their clients, many from other parts of the country like a Tampa house for sale, to aggressively price their homes and get them on the market because the longer a home sits on the housing market, the more value it losses every day.

Countdown to Buy’s founders, James Hodson and Thomas Furey, are looking for a patent protection for their countdown clock website invention for foreclosed houses for sale. Countdown to Buy launched in 2008 but has not had the recognition or the support from overly cautious banks since now.

Hodson stated that they would like to expand Countdown to Buy to include commercial property as well as the residential homes for sale, although Hodson realizes that commercial and residential properties are very different from one another. He is also excited about reaching other areas of the U.S. with their unique website and plan for helping rid communities of foreclosed property because sometimes they can become rundown or even havens for homeless people or drug and/or gang activity in certain areas and neighbors would be grateful if the property had a family living in it.