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Selling Real Estate on eBay

eBay Real Estate isn’t quite an auction. Because of the wide variety of laws governing the sale of real estate, eBay auctions of real property are not legally binding offers to buy and sell. However, putting your real estate on eBay is an excellent way to advertise and attract potential buyers. When the auction ends, neither party is obligated (as they are in other eBay auctions) to complete the real estate transaction. The buyer and seller must get together to consummate the deal.

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Nonetheless, eBay real estate sales are popular, and the gross sales are growing by leaps and bounds. You don’t have to be a professional real estate agent to use this category, although it may help when it comes to closing the deal. If you know land and your local real estate laws, eBay gives you the perfect venue to subdivide those 160 acres in Wyoming that Uncle Regis left you in his will.

For less than the cost of a newspaper ad, you can sell your home, condo, land, or even timeshare on eBay Real Estate in the auction format. You can also choose to list your property in an ad format, accepting not bids but inquiries from prospective buyers from around the world. On the Sell Your Item form, you must specify special information about your piece of real estate.

The following table provides a listing of fees that you can expect to encounter on eBay Real Estate.

eBay Real Estate Fees
Type of Fee Fee for Timeshares and Land Fee for Residential and Commercial
Auction/Fixed Price listing for 1-, 3-, 5-, 7-, or 10-day $35.00 $100.00
Auction/Fixed Price 30-day $50.00 $150.00
Classified Ad 30 days $150.00 $150.00
Classified Ad 90 days $300.00 $300.00
Final Value Fee $35.00 0
Reserve fee (refunded when property sells) $0.01 to $199.99: $2.00;
$200.00 and up: 1% of reserve price (up to $50)
$0.01 to $199.99: $2.00;
$200.00 and up: 1% of reserve price (up to $50)
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