DomoBid is an online residential real estate auction for regular houses and condos.  Not foreclosures, not super-ultra-luxury estates, and not random land lots in the middle of the desert.  

Doesn’t Ebay do that?  No, and neither does anyone else until you’re already in foreclosure.  That’s the Problem: How does a seller sell quickly for fair market value in a tough market?

Unlike general auction sites or foreclosure auction sites, DomoBid focuses specifically on regular residential real estate: the high quality homes and condos that regular people buy and sell everyday.  As a seller, you'll save money and sell your home for a higher price in 28 days.  As a buyer, you get perfect transparency about other people's offer prices, and you pay exactly what you want while seeing exactly what the market values the home for.

DomoBid grosses a minimum of .75%, and up to 3.25% commission of the price for all homes sold through the site.  On an average home sale, that is between $2,250-$9,750, and substantially more in high cost areas such as California. All while costing sellers half the usual commission and giving buyers more power and transparency in the purchase process.

Sellers:

• Sell your property for the highest price possible in 28 days with multiple bids.
• Pay half the regular commission (only 3%). 
• Full exposure with local Multiple Listing (MLS) posts and everything else. 
• No more guessing at a listing price, or endless price reductions.
• Thousands of buyers will see your
  property, and they all have the chance to bid for exactly what they're willing to pay.

• Find the perfect property, and bid exactly as much as you'd like to pay with a click.
• Skip the hassle of often fruitless negotiations and counter offers. 
• See exactly what others are willing to pay, and you pick exactly what you're willing to pay. 
• No more wasting time submitting offers on overpriced properties, or missing out on bargains.
• Submit your price with a click and see the current auction price instantly!

Michael LaPeter is Principal Broker of Resonant Properties, a residential real estate brokerage in San Francisco.  He is an expert in the San Francisco real estate market and new developments, and has both a California state salesperson’s license and a California state broker’s license.

He is also a Certified Residential Specialist (CRS), the highest designation awarded by the National Association of Realtors and held by only the top 4% of Realtors nationwide. 

Michael is also a member of the San Francisco Association of Realtors, California Association of Realtors, and the National Association of Realtors. In addition, he serves on the governmental relations committee for the San Francisco Association of Realtors to stay involved on the political aspects of new developments.  Michael is also a member of Who’s Who in Luxury Real Estate, an invitation only network of luxury real estate brokers in 65 countries worldwide.

Michael is also experienced with online marketing, having formerly developed and sold a specialty online retail site, and currently managing a network of real estate information sites including www.sfcondosales.com and  www.sfnewdevelopmentsales.com.