Showing posts with label eBay. Show all posts
Showing posts with label eBay. Show all posts

Friday, October 19, 2007

Selling Houses on eBay?

I had a new property uploaded to my listing site, www.lockboxdeals.com, for $4,990. That's right, under $5,000 for a home. Not the downpayment price, the total sales price. When I followed the link, it led me to eBay!

There are many houses listed on eBay for auction, some with no reserve and bids starting at $1, some as classified advertisements that list a more traditional price. Has anyone ever tried this method for selling a house in a hard to sell area?

I've tried to follow through on a couple of the listings to see if the final sales price was comparable to a regular listing. There are also many ways to improve the ending sales price (Buy it now price, setting a reserve). There are also investment deals available. One foreclosure looks like it will sell for close to the Buy It Now price, but the property for $4,990 is still at that price with only 13 hours to go!