Williams & Williams Offers Online Real Estate Auctions.

Tulsa, OK -- As a means of providing a new auctioning alternative for real estate investors looking at properties in the $30,000 to $50,000 price range, Williams & Williams here, a global real estate auctioning company, has unveiled an online auction service for investors and homebuyers. The new service, "Online Only Auctions," exposes sellers to potential investors worldwide and provides buyers with a larger pool of available investment properties.

Through Online Only Auctions, bidders can register, search and bid on properties for free with no upfront deposits, having 24-hour access to properties with auctions held each month and closing on the properties within 30 days of the sale.

According to Dean Williams, president and CEO of Williams & Williams, the company could previously accommodate some online bidding for singular exceptions.

"We had accommodated some online bidding but it was on a case-by-case basis, usually for special-needs purchasers who would be physically unable to attend, so this is a broader launch of that," he said.

After doing some testing, the company found that there was a larger buying pool that would be interested in bidding on properties online. "The buyer pool is largely made up of people less concerned with exact specifications of the properties and more concerned with the economic properties."

Online Only Auctions is ideally for investors looking to add properties to their portfolio, often for purposes of purchasing, renovating and reselling. One major advantage is that investors can bypass having to travel to the physical property location and can instead bid online via the company's website at www.williamsauction.com.

Mr. Williams added that the ideal properties to be auctioned on with Online Only Auctions are in the $30,000 to $50,000 price range, which makes REO properties ideal.