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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Questions about EBay's Real Estate services (and others) Posted by JC on April 02, 2002 at 7:37 AM Hi all, I am a newbie trying to buy a house in the Northern California (Bay Area). Since the housing cost is so high around here, I am forced to look into foreclosure properties (since we don't mind doing some fixing up ourselves). There are a lot of information out here and I have only found a few good sites with decent/honest information like this one. My question is about EBay's Real Estate service. How does it make its money? Normally when a seller place his/her non-property item on the web site, he/she will pay a percentage of the highest price bid. But since a (foreclosure property) buyer is required to have an EBay registered agent to bid for you, I assume a small percentage goes toward these agents as well. I am guessing that, if I were to bid on a foreclosure property myself, I could get it at (let's say) 80% of market value. With Ebay RE, how much higher will I be paying? I am guessing somewhere from 85-90% of market value. What is the value of using EBay RE then? Other than the fact there's an agent "representing" you. Is that extra cost justified? In my opinion, you still have to do your due diligence -- heavy research on the property you are interested in etc. Speaking of which, what are some good books I could get my hands on? I have gotten some good info from here and All Foreclosure.com and want to learn more. Thank you very much for responding. Follow Ups: You can get free REO information from other sites, without needing an agent Abby 11:30 AM, 04/02/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi all, I am a newbie trying to buy a house in the Northern California (Bay Area). Since the housing cost is so high around here, I am forced to look into foreclosure properties (since we don't mind doing some fixing up ourselves). There are a lot of information out here and I have only found a few good sites with decent/honest information like this one. : My question is about EBay's Real Estate service. How does it make its money? Normally when a seller place his/her non-property item on the web site, he/she will pay a percentage of the highest price bid. But since a (foreclosure property) buyer is required to have an EBay registered agent to bid for you, I assume a small percentage goes toward these agents as well. : I am guessing that, if I were to bid on a foreclosure property myself, I could get it at (let's say) 80% of market value. With Ebay RE, how much higher will I be paying? I am guessing somewhere from 85-90% of market value. : What is the value of using EBay RE then? Other than the fact there's an agent "representing" you. Is that extra cost justified? In my opinion, you still have to do your due diligence -- heavy research on the property you are interested in etc. Speaking of which, what are some good books I could get my hands on? I have gotten some good info from here and All Foreclosure.com and want to learn more. : Thank you very much for responding. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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