Updated about 13 years ago on . Most recent reply
Buying on Ebay
Anyone have experience buying Real estatae on Ebay?
I always read to not buy sight unseen but that's hard if on ebay-advice? thanks.
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Hehe, you just reminded me of a funny "experience":
I never seriously considered buying RE on ebay, but over a year back I was once bored and just looked at what's listed in Milwaukee, WI. I saw one in the inner city, low income, rough neighborhood. $11k listing price. Not much description, mostly said "do your own research".
I was bored enough to actually do some research: City info gave me: Last sales price was a few months before for something significantly under the $11k, it was listed as vacant lot, and some time before there was a raze order in the system.
I email the seller: "SP when I bid on this and win, will I actually find a house there?"
Resonse: " Do your own research"
Me: " I did, hence my question" and I put something about fraud in...
Response: "Yeah, fraud whatever. As if ebay allows fraud!"
Oh yes, and he would transfer as quit claim, he wrote....
Gave me quite a chuckle. Enough that I actually drove by that lot: As vacant as can be, not even weeds have grown on the fresh dirt yet, and the hood rats haven'thad the chance to rip off the yellow barrier tape yet....
My point? Maybe not to buy unseen? Not sure if that ebay buyer protection would cover that.