Real Estate Investing

We’ve talked about home auctions. We’ve talked about Internet marketing. But what about Internet home auctions? Indeed, eBay is now the marketplace where more than 4,364 properties are sold each month, the internet auction company claims.

eBay says you can offer virtual home tours around the clock and reach a much broader and more diverse audience. Plus, you can benefit from the excitement and increased prices that an auction atmosphere can generate. Anyone who has ever found themselves blindsided with a regrettable eBay purchase understands that all too well. You just want to win so badly nothing else matters. Click now, think later.

You can purchase eBay authorized real estate signs to post, telling the local public your deadline and auction web site. It sounds like a home seller’s dream, a realtor’s nightmare. The drawback - there are apparently no contractual obligations to pay for real estate on eBay, as is the case with other purchases on the site. The cost is minimal at $150 for a 30-day ad or auction listing, $300 for a 90-day ad listing and no fees or commissions on the final sale price. Hey, it worked for Bobby Cave, owner of the 13-acre town of Albert, Texas. Cave is $3.8 million richer after an Italian buyer purchased his “town” over eBay. For frustrated home sellers at their wit’s end, eBay may be just the saving grace they need.