Real Estate Auction Action - Buying A Home At Auction

by Jakob Jelling

Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com! Homebuyers considering buying a home at auction should take some steps in advance to help them with their bid price, and even whether to bid at all on a specific home. There will always be a degree of risk when buying a home this way, but with a little diligence, potential homebuyers could save a lot of money buying in this manner. Before the auction, you should have your financing arranged, and have enough cash on hand or in your bank account to cover a deposit on your purchase. You need to check the features, location, condition, and ownership history first. Afterwards, be sure to learn what the property is worth by looking at sales of comparable properties in the same area. Compare homes with the same number of rooms is possible, but be sure to allow for price differences due to pools, decks, carpeting, window treatments, etc. At the auction itself, resist the temptation to get into a personal bidding war, just "to beat out the other guy". Have a set price limit and stick to it. Other houses will come along, and you don't have to win the first auction that comes your way. You should know that the price of a home at auction is typically the loan balance (if foreclosed), plus any back taxes owed, plus legal fees and other expenses in foreclosing the property. This will typically be the opening bid amount, and the price will go up from there. Even so, it's possible to get a great deal in an auctioned house, with a little research and planning first. Also, know that you probably won't be able to get an inspection, and are buying the home "as is". If you can't do any needed repair work yourself, or can't hire it done within your budget, you may not end up getting such a bargain in the end. Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.

Ebay Auction Arbitrage

by Jason James

Arbitrage is the act of purchasing a product in one market for immediate resale in another. Arbitrage can only occur when there is a disparity in prices between one market and another. If you want to make money on ebay right now and don't have a significant amount of start-up funds, arbitrage may be your best option--at least to raise the money to purchase inventory for your ebay home business. You can start buy scouting out other auction sites to see if there is a significant disparity in prices between those sources and ebay. I personally suggest you start with sites like bidz.com, bid4assets.com, and www.firstgov.gov/shopping/shopping.shtml. If you can't find good prices there for the products you want to sell on ebay, you can search Google for "government auctions" and "auction sites." You should be able to find a number of online auction sites that are significantly less-trafficked than ebay, have significantly lower fees than ebay, and subsequently have significantly less buyers than ebay. You should then exploit this market loophole--the disparity in prices--between ebay and this market by purchasing products from your selected online auction site at low prices. You should first check prices on ebay to find out what similar items are selling for. If you can purchase at a significant discount on your selected online auction site, you should do so. You can immediately turn around and sell these products on ebay for higher prices. You should stress the discounted prices in your auctions and pack them with highly- trafficked keywords, so that it shows up for a number of different keyword and keyphrase searches. Some people even use this arbitrage technique exclusively with ebay auctions. They buy an item on ebay and then resell it on ebay, using one market within ebay to buy and then two or more to sell. You can use this technique, too. Search for items up for auction on ebay in popular categories, but with poorly organized templates and bad selling strategies. Purchase these items and resell them with professional templates, better descriptions, and titles that are filled with keywords that pull visitors from multiple ebay markets. Using this simple strategy and your skills as a professional ebay seller, you can purchase items and immediately turn them around for 200% profit. If you are currently looking for a way to bring in revenue for your ebay business, this could be a quick way to build your inventory without purchasing expensive wholesale lots. About the author: Jason James website 'The Auction Resource Network' reveals his inside secrets and sources that help him pocket over $10,000 a month on eBay. Claim your FREE 'Top 10 eBay Selling Secrets' eBook: www.auctionresourcen etwork.com

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