Buying Real Estate Online
- Find timeshares, land for sale, residential, commercial and
other real estate listings.
Browse through our
categories or
search by typing in the state, city or area name you are
interested in.
- Read detailed information about listings.
Sellers provide pictures and descriptions of 'products' for sale.
Choose a link under the products heading to see an item's
description. Read the the description carefully and view other
pictures provided by the seller. If you have any questions that
aren't answered in the description, you can ask the seller
questions by clicking on the 'Ask Seller a Question' link.
Carefully reading all the information and asking informed questions
will help you determine whether or not you really want the item.
Other things to note are:
- When it ends (always in Pacific Time)
- How many bids have already been placed on the item
- What the current high bid is
- Evaluate seller's.
Be sure and read the comments
left by the seller's previous buyers to be sure that this is a
seller you feel you can trust. The seller's feedback score and percentage of positive
feedback is displayed on the right of the description page above the
'Ask Seller A Question Link'.
- Bid or Buy It Now.
To bid on an item, you'll need to
register first.
Some items are sold only in auction-style listings that require you
to place a bid, others include the Buy It Now
option, while some
require you to contact the seller.
Once you are ready to go ahead, you can place a bid or purchase
the item instantly using Buy It Now. This allows you to buy the item
right away without waiting for an online auction to end.. The item description page will show all the options that
are available to you.
Enter the highest amount you'd be willing to pay for the item.
eBay will automatically raise your bid only as much as is needed for
you to remain the high bidder. (This is called proxy bidding-and
does not apply to Multiple Item Auctions.) This means that you may
win an item for less than your maximum bid. But you can also be
outbid if someone else enters a higher maximum bid. If you are the highest bidder when the auction ends, you win the
auction. As the winner, you are obligated to buy the item for the
winning bid price.
- Paying for the item.
If you have been successful with
your bid and won an auction or have purchased the item outright
using Buy It Now, you will need to send your payment to the
seller. Check the seller's listing or email invoice to find out what
the preferred payment method is and where you should send your
payment. If the seller offers PayPal (eBay's preferred way to pay), click on the Pay Now button
to pay quickly and easily with PayPal.
- Leave feedback.
You can leave feedback for any seller
you have bought from and can use this opportunity to tell other
potential buyers about your experience with this seller.
Additional Tips
- Research
the item's value. Look at similar completed eBay listings, view
listings of other estate agents, ask friends and professionals, and determine what the
item is worth in any other way you can think of.
- Understand
what entering a maximum bid means. eBay's
bidding
system means you can enter your maximum bid once and the system will
automatically increase your bid only as much as is needed for you to stay
the highest bidder.
- Try placing a
practice bid.
Bids Over $15,000
- This requirement helps to ensure that eBay members involved
in large sales are:
- Of legal age
- Serious about completing the transaction
- Protected against bidders who are not serious
Reserve Price Auctions
When you're bidding in a Reserve Price Auction, bid as usual, entering
the maximum amount you're willing to pay for the item. Watch the label
next to the current price to see whether the reserve price has been met.
Until you see that the reserve price has been met, there have been no
successful bids in the auction. Once the reserve has been met, the item
will sell to the highest bidder when the auction closes.
If your maximum bid is the first to meet or exceed the reserve price,
the effective bid displayed will automatically be raised to the reserve
price.
More information and further reading:
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