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With ClosingBid, home-sellers can get their property on the MLS and download the ClosingBid Open House Bidding App for just $112.95. After downloading the app, receiving and accepting a buyer's optimal bid is just a few clicks away. Sellers are encouraged to send bidding invites via the app to those potential buyers whom they screen upon conducting an open house. ClosingBid can offer significant price advantages compared to existing for-sale-by-owner marketplace solutions. Specific to Illinois, the company, utilizing its Series LLC corporate structure, has laid the groundwork to offer flat-fee MLS listings for as little as $70 per six months per listing. The Illinois Department of Financial and Professional Regulation is currently reviewing the IL Series subsidiary's application to serve as a real estate brokerage for this limited purpose.
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Cliff Holmes
@ Princeton
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