Foo - Buy a house on eBay?

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View Full Version : Buy a house on eBay?

phantomcow2
02-18-07, 12:30 PM
Has anybody here purchased, sold, or knows anybody who has on eBay before? My grandparents are trying to sell their house to buy a much smaller condo. It's much less to maintain, they really are not capable of doing all of it anymore since it's 2 acres of land. So buying a condo means less to worry about and money left over to have fun with. ANyways, I was wondering if anybody has any comments about house listings on ebay? Positive or negative experiences? I believe they've already got a realtor on it, but I thought extra exposure that I know ebay offers might not hurt.
I don't know if ebay house sales targets the high or the low end market, but their estate was appraised before being listed and 375k was the value.

apclassic9
02-18-07, 08:53 PM
If they have a realtor on the job, I would skip e-bay. If exposure is your intent, CraigsList would be a better bet (with no fees, either!). Their best bet, exposure-wise, would probably be a multiple listing.
cinco
02-18-07, 08:57 PM
Geez, I'd imagine the shipping would KILL you. :eek: :D

Stacey
02-19-07, 03:29 AM
Not to mention the insurance & all that packing!
apclassic9
02-19-07, 07:14 AM
If you read the fine print on e-bay fees, you would run away screaming!!!
Jerseysbest
02-19-07, 08:19 AM
If you read the fine print on e-bay fees, you would run away screaming!!!

Thats the first thing I thought of. I didn't read up but I'm sure ebay will get more than their fair share.
apclassic9
02-19-07, 10:21 AM
E-bay fees:

Insertion Fees $500.00 or more $4.80
Final Value Fees Closing Price Final Value Fee Item not sold No Fee,
Equal to or Over $1000.01
5.25% of the initial $25.00 ($1.31), plus 3.25% of the initial $25.01 - $1,000.00 ($31.69), plus 1.50% of the remaining closing value balance ($1000.01 - closing value)
free_pizza
02-19-07, 11:02 AM
E-bay fees:

Insertion Fees $500.00 or more $4.80
Final Value Fees Closing Price Final Value Fee Item not sold No Fee,
Equal to or Over $1000.01
5.25% of the initial $25.00 ($1.31), plus 3.25% of the initial $25.01 - $1,000.00 ($31.69), plus 1.50% of the remaining closing value balance ($1000.01 - closing value)
arent typical fees for a realtor between 5-10% of the selling price?

ebay doesnt seem that bad.
efrobert
02-19-07, 11:13 AM
A lot goes into selling a house. Stick with the realtor.