Method for facilitating live virtual online reverse auctions for property owner services

A method for conducting live, virtual online reverse auctions for property owners' services facilitated over the Internet via mobile and traditional computing devices, said method comprising of:

• enrolling the property owners and service providers into an internal database system;
• gathering specific information to set up user profiles for the service providers that include, but are not limited to, company name, zip code, professional licensing information, bond coverage information, certificate of insurance coverage, types of trades qualified for, geographical service area, and additional account information;
• gathering specific information to set up user profiles for the property owners that include, but are not limited to, the property owner's first name, last name, zip code, and additional account information;
• automatically verifying the provided information utilizing public resource databases;
• an internal database system through which property owners can create auctions by engaging an Internet based system, uploading a set of images and/or video, writing a description about the service they are requesting, and providing other information as required to conduct the auction;
• an auction engine and bidding management system responsible for facilitating the auction and managing the bid traffic and volume;
• automatic communications to users of auction starts with service providers enrolled in the system via Internet or wireless communication through personal computers, mobile devices, smartphones, tablets, laptop computers, and mobile device applications developed for portable mobile devices;
• a posting forum allowing for service providers to request additional information about the service opportunity from the property owner and the responses being displayed to all auction participants;
• charging a fee on a per bid basis to both the property owner initiating the auction and the participating service providers who bid on the property owner's service request posting, said fees are based on a predetermined dollar amount for each specific predetermined bid range.