Hi All

On Mon, 16 Jan 2006 18:22:23 GMT, Geoffrey
wrote:

On Mon, 16 Jan 2006 17:17:10 GMT, "Mold" wrote:

I wouldn't sell a house on eBay, I think you'd have to be nuts TBH!

Um why?

If you put a reserve in for the least amount you are willing to accept
I don't see a problem.

Do you think there are more timewasters on ebay than there are
wandering around estate agents?

And you never know - you might get someone who can pay via paypal

Actually - property 'auctions' on eBay work differently to other eBay
sales....

quote

Due to the wide variety of laws governing the sale of properties in UK
and Ireland, eBay property listings are not legally binding offers to
buy and sell that property. Instead, they are simply a way for sellers
to advertise their property and meet potential buyers. At the close of
the auction, the seller should contact the winning bidder to discuss
entering into a contract for the real property. However, neither party
is obligated to complete the property transaction. This type of
transaction is called a Non-binding Auction.

What is a Non-binding auction?

Non-binding auctions of properties do not involve binding commitments
by members to buy and sell property. Instead, these "auctions" are
simply a way for sellers to advertise their properties within the
auction-style environment familiar to eBay's members. At the close of
the auction, the seller is expected to contact the high bidder to
discuss entering into a contract for the real sale of the property.
Neither party is obliged to complete the transaction.

unquote

So the business of 'reserves', 'final fees' etc don't come into it -
there's a flat listing fee of £35 - which either represents an
enormous saving over using an estate agent, or a waste of £35 -
depending on whether you're successful or not.

There's probably a good reason why there are only 164 properties
advertised on eBay at this moment......

Adrian
Suffolk UK
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