Kelly, Other/Just Looking in San Francisco Bay Area

Buying and selling real estate on ebay - can it be done? Does anyone have advice/tips?

Asked by Kelly, San Francisco Bay Area Tue Oct 9, 2007

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I've bought and sold on eBay practically since the day it opened, and recommend it for many purchases. However, the legalities, disclosures, due diligence, etc. involved in selling a home make it dangerous to rely on that venue to close a deal.

Best bet: use the fixed-price option to advertise your home (along with whatever other resources you plan on using). Hire an agent to handle the transaction and be sure that he or she puts it in the local MLS as well. This is practically required to sell these days.
1 vote Thank Flag Link Sat Aug 7, 2010
Kelly,

Yes you can, but you have to put real effort to selling your home and have to leverage ebay with social networks and other types of advertising channels. There is no rule that if you do it on ebay you cant have an agent to act as your intermediary. If you do all the ad work you should be able to cut the agents commission by half or simply offer the agent a few points. Most real estate agents are not very savvy or educated and many of them should be selling used cars.

Best regards,
Benjamin
0 votes Thank Flag Link Sat Aug 7, 2010
whooo, hoooo!!!! I couldn't agree more! Realtors are scum bunnies!! Ignorant , do nothing, getting paid for doing nothing!!! Liars, connivers, you name it!
Flag Mon Jun 25, 2012
Kelly,

As a Real Estate professional who has sold many of my own properties, I can tell you that although the wave of new technologies has helped a lot with the admin/transactional part of the business, it's still the "belly-to-belly" interactions that make or break deals. The online only model doesn't work.

The simple truth is that buyers don't like to deal direct with sellers, because they often don't trust the information and they prefer an intermediary to handle the negotiations. Additionally there are a huge number of disclosure issues that could land you in court if you don't handle them properly, and there's little worse than selling your house and then redoing it in front of a judge.

If you are determined to do it yourself, get a real estate attorney who knows the transactional side to guide you so that at least you have the disclosure part covered. I can tell you from years in the business that those who go to market themselves almost always have inferior marketing materials, inferior coverage of places where buyers go to look, and usually overprice the property which in this market leads to no sale or chasing the market down and ending up with less than you would have if you hired someone good in the first place.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Mon Jun 14, 2010
No Ebay is not a good place to sell your property. All you have to do is go there and see the pathetic amount of or lack of activity. Perhaps e-bay was and maybe again someday a great place to sell, but for now skip it. In all of the USA there are only 317 residential listings. Here's my advice. 1.) Try selling it yourself, place a professional sign out front and run an ad on Craigs List and your local paper. 2.) Hire a real estate company. 3.) Auction (only if you get desperate). Your best bet over all is to aggressively price the property and place it with a MLS membered agency.
Web Reference: http://www.adolfire.com
0 votes Thank Flag Link Wed Jun 9, 2010
Hi Kelly,
See an alternative for yourself. The online transaction for a home in San Mateo is under way at http://www.BuySquareFeet.com It is a combination of conventional and on-line method referred to as "See It in Person, Negotiate On-line".
Web Reference: http://www.cimpler.com
0 votes Thank Flag Link Tue Oct 9, 2007
Artur Urbans…, Real Estate Pro in Burlingame, CA
MVP'08
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It can be done, however can be a little tricky. I know of several ongoing lawsuits that have come from Ebay transactions over property. It has to do with due diligance and disclosure, so I think if you were considering it, you'd have to be very very very careful.
0 votes Thank Flag Link Tue Oct 9, 2007
EBay is one of the most highly visited internet web sites to conduct commerce. EBay has a real estate fixed price ad section in addition to the typical auction format.
My experience with eBay has been positive in attracting a great deal of traffic and interest in my listings.
As a seller on eBay, be sure to use plenty of photographs and its best to have a recent appraisal, pre-sale inspection reports and related seller disclosures available for prospective buyers.
As a buyer for real estate on eBay, form an alliance with experienced field partners in the locations in which you want to purchase real estate. When you find a target property on eBay, ask your “field partners” such as a Realtor to visit the property and assist you with your due diligence prior to closing the transaction. Use a local purchase contract with the appropriate contract contingencies to protect your rights as a buyer.
0 votes Thank Flag Link Tue Oct 9, 2007
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