Buying a house on eBay

eBay sells all categories of goods. However, one of these has been shrouded in mystery since the website became operational in 2007. This is the “real estate” category. Many hesitate to make a buy or sell here because it seems strange to them that you could just buy a house by clicking a button and pay like on any other e-commerce. The reality is completely different and once you have understood this, you will be a lot less suspicious of the system and you will sooner take a bargain if investing in real estate interests you and it is within your financial possibilities.

Rule number 1: buying a house on eBay is never binding.

Suppose you win the public sale of a house on eBay, but you still prefer to cancel the sale. As far as your debt to the seller is concerned, this has no consequences at all. He sells his house through an agency and only uses eBay as an advertiser to reach a large audience. You have failed compared to eBay and this means that you can no longer work with eBay, neither to buy nor to sell. eBay will close your account and this will be accompanied by blocking of IP and personal data. So think before you start if your eBay account is dear to you!

Proceeding to the purchase of an item on eBay is binding on the buyer towards the seller, except in the case of real estate

Unlike an ordinary item, the purchase of a house on eBay is never binding. You never pay the purchase price via the eBay payment system. If you decide to comply with the purchase and eBay has assigned the property to you afterward, you will then properly arrange your sale at the relevant agency. Agency data can be accessed through property details and from there you can explore the agency website.

Why should you use eBay to buy or sell real estate?

The first real estate sales on eBay were a real sensation. The sellers and buyers hit the internet news and were called pioneers. Since then, reports of real estate sales have appeared, but earlier when it concerns buildings or buildings of celebrities. For example with the sale of Disney Haunted replica, or the sale of the house where Madonna lived in her childhood. You can also do real deals on eBay, as is the case with all goods. In some countries, you can indeed buy houses for an apple and an egg, but you must also know what it is about. Usually, they are houses that are not worth much more, so that the house can still be sold for the value of the land. Often times the buyer tries to make a deal and after a refurbishment tries to sell the house for a higher price. Other so-called deals can come from European former Eastern Bloc countries where the houses are already very cheap anyway. You learn the best by regularly exploring the “real estate” section and possibly interviewing the seller. On this site, everything is together and you can see at a glance what is for sale. The items are only online for a certain period of time until the sale is completed. Items that have not been sold are also put up for sale again for a possibly lower price. [Source]

About admin

 

Blogger since 2004 or '05 and passionate about real estate since a long time.