The smart people at eBay are sly trend-spotters, so they opened an official category for real estate transactions in the fall of 2000. On the left side of your eBay home page, you'll find a category link to eBay’s Real Estate category.
Because substantial legal restrictions are involved in real estate transactions, sellers can choose to list their properties either as auctions or in the form of advertisements, depending on the laws in their areas.
When you participate in a listing that is in an ad format, you do not place bids. At the bottom of the item’s description page is a form for you to fill out that’s sent to the seller. After the seller receives this information, he or she can contact you, and the two of you may negotiate privately. When you browse the Residential Homes category, a small ad icon in the Bids column indicates items listed as advertisements. Most residential home sales are handled in this manner. Land and timeshares are typically sold in the auction format.
Because of a wide variety of laws governing the intricacies and legalities in real estate transactions, the auction format may be nonbinding. Before getting involved in any real estate transactions on eBay, read eBay's official rules on real estate transactions.
dummies
Source:http://www.dummies.com/how-to/content/buying-real-estate-on-ebay.html
No comments:
Post a Comment