Frisco, Texas-based Matt Martin Real Estate Management, a diversified national real estate services firm, has announced a definitive agreement to acquire online real estate auction company, RealtyBid.com.
RealtyBid.com is based in Rainbow City, Alabama and was founded in 2001 by a group led by Tony Isbell, a 20-year veteran of the real estate auction business for residential and commercial properties of all types.
RealtyBid.com specializes in the expedited sale of many classes of residential and commercial real estate, including bank-owned assets, investment properties, condominiums, ranches and land, and mixed-use real estate.
The firm will retain its brand name and operate as a wholly owned subsidiary of MMREM with its current management team intact.
“This acquisition greatly expands MMREM’s capabilities with a proven disposition platform for owners of single family residences and commercial assets, and as an enhanced marketing option in foreclosure sales for third party trustees and others,” said Matt Martin, CEO of MMREM.
“We founded RealtyBid.com to accelerate transactions and streamline the real estate sales process for all parties,” said Isbell, who will continue to serve as president of the company. “With over 100,000 properties under our belt, our team remains in place and is looking forward to growing RealtyBid.com to serve more customers with the additional capital, back office resources and impressive capabilities of MMREM.”