Houses.com Adds Timeshare Auctions

Houses.com, the newly launched property portal aimed at becoming the world's largest marketplace for houses, today announced a new partnership with TimeshareWeekAuction.com (TSWA), a new website developed and operated by auction-technology leader Xcira, Inc.

Xcira and TSWA will provide Houses.com and sister site, Condo.com, with timeshare auction listings for the Auction and For Sale sections of both websites. All timeshare auctions are being offered "absolute", meaning there is no minimum bid or reserve price. Buyers have the opportunity to bid and buy one or more weeks at leading vacation resorts around the world for as low as $10. The highest bidder acquires the timeshare, irrespective of the bid amount.

TimeshareWeekAuction.com will provide Houses.com with thousands of timeshare interests acquired as excess inventory from individual owners, homeowner associations and developers. "The additional inventory for the site is ideal for the rapidly growing global audience on Houses.com and our goal of providing users with the biggest selection of real estate worldwide", stated COO Matthew Pluznick.

Since the website launch this past January, Houses.com has added thousands of properties and property types through partnering with a variety industry pioneers that now includes TSWA. The Houses.com partnership with TSWA is another step towards meeting the Company's objective of creating a transparent global marketplace for houses and now provides visitors with the ability to find a great deal on timeshares.

Xcira is the clear leader in the online auction space. They have successfully conducted over $1 billion in online auctions on behalf of clients. "We conducted a successful online auction of a failed condo conversion with Xcira in 2010, and this new partnership expands upon our relationship. We are excited about the TSWA partnership and the ability to offer a new asset class to our audience with the transparency of an online auction process," added CEO Richard Swerdlow.

About Houses.com

Houses.com is the world's largest marketplace for houses. The site was launched on January 11, 2011 (1/11/11 at 11:11:11am UTC) showcasing over 3 million properties for sale, rent, and vacation in the United States and 70+ countries around the world. The category domain, which leverages the top generic term for the residential housing industry, is one of the top domains in the world based upon the size of the housing market, the amount of available housing inventory globally and the average price per housing unit sold. In addition to property for sale and rent, users have access to a wide variety of products and services related to houses including mortgages, inspection, title, closing services, home improvement, moving and more. Houses.com is operated by the team at the privately held, Miami based Condo.com (www.condo.com). For more information, please visit www.houses.com.

About TSWA

Timeshareweekauction.com (www.timeshareweekauction.com) is an online bidding site for the ethical sale of timeshares in a clear, visible competition among buyers who are looking for a great deal. Since all of the timeshares offered via Timeshareweekauction.com are absolute auctions, meaning no minimum bid or reserve, the buyer has the opportunity to bid on a timeshare and purchase it at his/her desired price via the convenience of the Internet. No longer are buyers required to participate in lengthy, high-pressure sales presentations instead he/she can see market value established through the transparency of the online auction process. The founders of Timeshareweekauction.com have more than a decade of experience in traditional and online auctions. Their systems have been utilized in more than 80,000 auction events resulting in $20 billion in sales.