EBay is no doubt the biggest marketplace in the virtual world. In cyberspace, people flock to eBay in order to find things they need and want: hi-tech gadgets and gizmos, autographed sports paraphernalia, antique kitchenware, heirloom jewelry pieces, vacation souvenirs, birthday giveaways, prized vegetable seeds ‘“ anything and everything under the scorching sun, even property. In fact, real estate businesses on eBay are some of the most famous ‘“ or infamous, if you may.
You see, over the past few years, businesses on eBay that involved the selling of property, including residential homes, have stirred up quite a controversy. Since eBay is open to everyone who can comply with the site’s simple rules and regulations, such as opening up a PayPal account and having a certain number of positive feedbacks from previous transactions, scams abound. Many people abuse eBay and use the site for their personal gain by feeding on others’ ignorance. Don’t be a victim of fraudulent sellers.
How to Avoid Bad Real Estate Businesses on eBay ?
In order to protect yourself from real estate businesses that are nothing but huge scams, all you have to do is follow logic and your instinct. First of all, never ever purchase property ‘“ on eBay or elsewhere — without setting eyes on it in person. Buying property is serious business; unlike purchasing shirts and CDs, buying property entails a large amount of money. It’s unbelievable how many people allow themselves to go through with a real estate transaction without even getting up to see the state of the house they’re buying. Then, these same people wonder what they did wrong to end up getting a place that’s dirty, broken, in shambles. Don’t be one of these people. Smarten up.
Another thing to watch out for is the description of the property up for auction. If it sounds just too good to be true, well, you can bet it probably is; the chances are high that what you’re looking at is nothing but a PhotoShopped image ‘“ and the whole deal is the work of an unscrupulous seller waiting to eat the next fool for breakfast. Don’t be that fool. If something seems too perfect, ask the seller to see the property in person. If the seller refuses, move on to the next property on the list.
Online flipping, as what financial experts have come to label the real estate scamming phenomenon on eBay and all over the Internet, still exists to this day ‘“ and it probably won’t stop until there are no more greedy and dishonest people on the planet, and until there are no more people who allow themselves to fall victims into scams like this. The best way to fight is to adopt a wiser attitude towards online shopping in general. You’ve worked hard for your money, so it’s only right that you ensure it goes to pay something that’s worth it. From multi-million-dollar summer houses in Florida to thousand-dollar apartments in New York, know for sure that you have what you’re looking for ‘“ and successfully keep yourself away from fraudulent real estate businesses on eBay.