Overstock.com Launches Auction Real Estate Search

SALT LAKE CITY - Overstock.com, Inc. today announced the official debut of its real estate search application: http://realestate.overstock.com. The site is unique in that, through the O-Hot Value Indicator, it helps shoppers identify great deals from more than three million classified, foreclosure, and hard-to-find auction homes for sale.

The O-Hot Value Indicator is a unique tool that helps a customer find the best values in a chosen neighborhood. The O-Hot Value Indicator ranks each home’s value relative to others in its vicinity. The site automatically highlights auction, distressed, and foreclosed properties, which potentially offer great value to Overstock.com’s customers.

“Consistent with Overstock.com’s relentless commitment to deliver high value to customers, Overstock.com Real Estate is helping customers efficiently browse millions of properties to find deals in their area of interest,” said Patrick Byrne, Overstock.com chairman and chief executive officer. “Our site gives Overstock.com customers information from real estate auctioneers and brokers with direct access and local expertise. This allows us to offer just what our customers have come to expect: great value and wonderful service.”

“With home prices falling, unit sales slowing and foreclosure and auction properties in abundance, home shoppers have an opportunity to find their dream home or their next real estate investment,” said Bill Floor, Overstock.com real estate director. “Overstock.com’s new real estate search application allows the value conscious Overstock.com customer to find great real estate deals.”

For more information: To experience Overstock.com’s new real estate search application, go to: http://realestate.overstock.com.

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Overstock.com Launches Auction Real Estate Search

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