Buying a home is one of the most important things that we do as adults, and also the most expensive. Buying a home at auction is a wonderful way to offset some of those costs, and in some cases, save a ton of money. The houses that are up for auction are often properties that are government owned, or owned by the lending bank. In many cases, they are simply trying to recoup their losses on the houses for auction, and this translates into huge savings for the auction buyers. In spite of the potential for savings, there is also a danger of being taken if you do not do your homework. Here is how to make sure that you save money when you buy a home at auction:
Saving Money By Buying A Home At Auction
eBay Sellers React Angrily to Newest Policy Changes
Back in the good old days (the 1990s), eBay was considered to be the most democratic institution online. The Web auction site leveled the playing field between large multinational corporations and small home-based mom-and-pop companies — everyone had a fair chance to hawk their goods on eBay, and potentially reach the same level of success.
eBay Angers Sellers with Buy.com Deal
eBay has been struggling over the last year or so, as online consumers tire of the auction format, and are increasingly turning to fixed-price retailers such as Amazon.com. Not surprisingly, the company has decided to change its business model and shift more toward fixed-price listings, and away from auction sales.
eBay Bidding Tips
Shopping on the web has truly revolutionized the buying habits of many consumers. And the buzz about bidding for things on online has made shopping all the more interesting than ever. It has become an online sport. Now you could buy items the regular way online or you could bid for them and have a chance to buy it at a different price which could be lesser than the usual channels. So how do you do it? Here a few pointers.
French Court Orders eBay to Pay $61 Million in Fake Goods Case
In the matter of a lawsuit brought against eBay, the world’s largest online auction site, a French court has ordered the company to pay $61 million (€38.6 million) in restitution to LVMH, a Paris-based luxury items retailer. LVMH brought the suit against eBay over the sale of millions of dollars worth of counterfeit luxury goods in a series of online auctions.
eBay Gets Tough on Sellers, But Lowers Auction Fees
Infoworld.com is reporting that eBay is shaking up its policies, and attempting to crack down on disreputable sellers. The changes are coming in response to warnings to eBay investors that 2008 profits may fall well below expectations.
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