System and method for providing an auction of real estate
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United States of America Patent
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Jul 26, 2011
Grant Date -
Sep 5, 2002
app pub date -
Jan 29, 2002
filing date -
Jan 29, 2001
priority date (Note) -
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status (Latency Note)
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Abstract
The present invention provides a system and method for providing a real estate auction system. In architecture, the system includes a server device on a network comprising a mechanism for posting a real estate property for auction, a mechanism for acquiring a plurality of data items describing the real estate property for auction from a seller remote device, a mechanism or making the real estate property available at auction to a bidder remote device; and a mechanism for accepting a bid on the real estate property for auction from at least one potential buyer for a predetermined period. The present invention can also be viewed as a method for providing a real estate auction. The method operates by (1) posting a real estate property for auction; (2) acquiring a plurality of data items describing the real estate property for auction; (3) making the real estate property available at auction; and (4) accepting a bid on the real estate property for auction from at least one potential buyer for a predetermined period.
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