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Selling Real Estate on eBay
from: Dan FarrellCopyright 2005 MHG Consulting
Selling real estate over the internet may sound like an awkward
idea. However, the exposure the real estate receives over such a
widespread media like the internet is every realtor's dream.
Can eBay be used to market real estate? The answer is a
resounding 'yes!'
eBay provides functionality that is clearly adaptable to the
needs of most realtors. It provides a widespread medium of
advertisement for the real estate. It is also a relatively
inexpensive method of advertising.
One of the best things about selling real estate on eBay is that
it "markets" to many areas around the world, not just a local
area. Advertising on eBay makes the property available to more
than 100 million potential buyers, including those from other
countries. Visitors can browse through the property details 24
hours a day, 7 days a week - all without the realtor having to
explain the details about the property to every single prospect
wanting information.
Advertising Your Real Estate on eBay
When one has a house or other real estate to sell, he or she may
list it for auction on the eBay Real Estate site. This is found
at http://www.pages.ebay.com/realestate.
There are many different ways to present the property for sale
on eBay. If the realtor seeks to sell the estate at a fixed
price instead of having the property go through an auction, he
may request eBay to display a real estate listing in a format
much like a local paper.
eBay's Real Estate page has three selling formats. These are the
auction, fixed price selling, and the traditional real estate
listing.
For each of these selling formats, the "user" furnishes
additional information regarding his or her property. Details
may include lot size, number of bedrooms, number of bathrooms,
type of property, year built, and other information. The auction
listing period must also be specified, where the choices range
from 1-, 3-, 5-, 7-, 10-, or 30-days, or a 30- or 90-day
non-auction listing.
The eBay Real Estate website charges two types of fees for
listing a property. There is a simple fee for listing the
property and also a fee is based on the final amount of the
property sale. The charge for a 1-, 3-, 5-, 7-, or 10-day
auction listing is typically around $100. A 30-day auction
listings cost about $150. A non-auction listing costs $150 for
30-day listing, and about $300 for a 90-day listing.
Fees for Timeshare property and land are usually slightly lower.
The final fee amount for Timeshares and land is generally about
$35.
Selling real estate on eBay is growing in popularity as the
internet stretches it's outreach to more countries. Although
nothing beats direct and personal inspection of property, the
convenience of having eBay connect seller and potential buyer is
definitely appreciated.
About the author:
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