If I advertise my house for auction say for £245,000 what percentage would ebay take? Do you know of anyone who has done this successfully? Navigated ebay site and cant find the answer.
Thanks for your help.
2007-03-07 08:23:53 · 3 answers · asked by bluemax 4 in Business & Finance ➔ Personal Finance
you are playing with fire advertising your home on e-bay unless you put a reserve on the property and so many cranks will be able to view for criminal reasons,estate agents log visitors viewing homes for prevention of criminal activities as much as possible.e-bay charges are high it all depends on how much the item goes for,if you want to auction then put it through a legal auction house where you know the charges in advance.i think if a person does not have a mortgage at the time of purchase then they have 7 days to finalise one.personally i would not go down the avenue of e-bay will get loads of silly bids,that why i removed myself from e-bay.
2007-03-07 11:42:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Very dangerous move; stamp duty is still payable, as is capital gains tax, and of course e-bay commission, which is likely to be more than an estate agent might charge.
Factor any taxes and sundry charges into your reserve price, so that you can maximise profit. Even then, payment from any buyer could backfire, leaving you with a headache of sorts.
This kind of auction is a legal minefield - there was a couple who tried to raffle their home, but failed to sell sufficient tickets, lost the money they spent promoting the draw, and ended up selling at a marginal loss. You have been warned!
2007-03-07 08:29:58 · answer #2 · answered by Modern Major General 7 · 0⤊ 0⤋
i would not advice you to do that you have to deal with all the legal paper work and it can seriously back fire on you i would do it through an estate agent they deal with all that for you
2007-03-07 08:31:04 · answer #3 · answered by nicola s 3 · 0⤊ 0⤋