Hubzu, an innovative online real estate marketplace, today releases a new responsive design to improve the user experience and to bring even more qualified buyers to its online home auctions. Reporting strong growth in 2015, Hubzu increased its average number of homes offered for auction by 20 percent in the first quarter when compared to the first quarter of 2014. As a key component of Altisource's REO solutions, Hubzu continues its strong track record of providing a transparent transaction process and selling homes quickly. Hubzu ® properties spend an average of only 53 days on the market before they are purchased, and over 100,000 properties have sold to date. To allow more buyers to qualify to buy properties, Hubzu has introduced a buyer's financing contingency option for certain homes. The financing contingency provides buyers with the option to bid on homes in real-time and secure financing later, similar to how a typical home purchase works. "Since 2009, institutional investors and sellers have found tremendous value using Hubzu to auction and buy homes," said Steve Udelson, President of Altisource Online Real Estate. "Now consumers, who seek an affordable auction property but need to secure financing if they win an auction, can use Hubzu just as easily as investors who already have financing in place or pay cash. This enhancement continues to demonstrate that Hubzu is a great marketplace to transact for all qualified buyers." In addition, the enhanced website experience on Hubzu.com features:
- An auction bid and offer process now optimized for mobile and tablet - providing an efficient buying process that is accessible from virtually anywhere at any time,
- A new property listing design with more detailed information about home features and neighborhoods,
- And a range of new tools to help first-time home buyers.