Re: Interesting - eBay property sale worth it? - Posted by Jim IL
Posted by Jim IL on November 22, 2000 at 20:11:19:
I have heard of investors using Ebay and other auction type websites to market homes.
I think this was discussed either here, or in the chat room some time back.
Frankly, it sounds like a decent way to market in addition to whatever marketing you are currently doing.
Every little bit helps.
The thing that caught my attention when it was discussed before was the “Technique” for the auction format.
Rather than auction the sale price, or the monthly payments, the idea was to let the upfront money be what is auctioned.
Of course a reserve should be set, to get a minimum amount.
But, the idea of auctioning of a home, for the highest upfront amount sounded like a good idea to me.
Seems it would create competition for buyers.
Never tried it myself, but I may at some future date.
Thanks for the link, interesting to see,