bidEup announced the launch of their new website that provides the world’s first online, legally binding real estate marketplace. bidEup’s propriety patent-pending system provides an online sale platform and is the first secured website that authenticates users, creates electronic signatures and allows real estate contracts to be executed digitally. This combination provides an efficient marketplace where real estate professionals representing buyers and sellers can conduct transactions online with the advantages and legal protections typical to traditional offline transactions.

Sellers, who include individuals and financial institutions represented by licensed real estate agents, and builders can post properties and perform an online sale or auction anywhere in the United States. Any person who can provide evidence of sufficient cash or financing from a reputable lender can purchase property through bidEup. SunTrust Mortgage, Inc. and bidEup have forged an initial alliance, in which SunTrust will be the first in a series of preferred providers of mortgage financing.

bidEup’s system takes the pressure off of real estate sellers by providing them instant access to domestic and international pools of credit-worthy and cash buyers, well beyond current mainstream real estate marketing tactics. The system takes advantage of the Internet to streamline real estate processes and create a more efficient marketplace. For the first time, the world has convenient access to the U.S. real estate market providing an environment where both buyers and sellers benefit.

Related posts:

1. First online auction marketplace launches for growing small businesses
2. AOL taps Fidelity for real estate listings
3. Online marketplace BuyerZone hits milestone with 3 million registered buyers
4. eBay Motors gets local with classified ads for used cars
5. Social networking meets real estate with TheUpTurn.com