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