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Do your item description pages have everything that buyers need to know?If you're planning to offer international delivery, then it's good to make a list of the charges to different counties and display it on each auction. Learning the ebay "slang". What to Sell. I advise you get using it asap. Have you found out everything you possibly could about your items?Try typing their names into a search engine - you might find out something you didn't know. Here's a little list of some of the most useful jargon to know, but you don't need to memorise it - even the most common lingo is only used relatively rarely. Out of the things you know enough about, you should then consider which things you could actually get for a good enough price to resell, and how suitable they would be for posting. Sniping: bidding at the last second to win the item before anyone else can outbid you. You will be surprised how many problems you will avoid just by communicating this way. Don't pack it in if something goes a little wrong in your first few sales: the sellers who are booming on ebay are the ones who enjoy it, and stick at it whatever comes about. Oh, and always use first class post - don't be cheap.What You Need to Know prior to geting started on ebay.An ebay Seller's Checklist. Reserve: the minimum price the seller will accept for the item. Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item. Feedback: positive or negative comments left about other users on ebay. Anyone can sell on ebay, if they believe in themselves - and if you do decide it's not for you, then the start-up costs are so low that you won't really have lost anything. If you have any special terms and conditions (for example, if you will give a refund on any item as long as it hasn't been opened), then you should make sure these are displayed too. That's the only foolproof way to protect your reputation. You won't get any loyalty
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A tax deed sale is the forced sale, conducted by a governmental agency, of real estate for nonpayment of taxes. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the tax lien sale.
Tax Deed Sale Process
Real estate taxes are considered delinquent if not paid within a specified period of time. If the taxes are not paid, after legal requirements are met (such as giving proper notice to the property owner as well as others holding an interest in the property, or by filing required action in the courts), the property is offered for sale at public auction.
The minimum bid is generally the amount of back taxes owed plus interest, as well as costs associated with selling the property. In the event the property is not purchased, title reverts to the government. The government may then attempt to sell the property at a public auction and/or offer it for sale in a private transaction.
In most cases, the jurisdiction will only provide a quitclaim deed at the sale, which is usually insufficient for title insurance. Therefore, a "quiet title" action must be filed in court to obtain an insurable title.
Some jurisdictions allow a "redemption period", whereby the former owner has a specified amount of time to reclaim the property by repaying the amount bid at auction plus a penalty. For example, Texas allows a 6-month period in most cases, with a flat 25% penalty to be added to the amount paid at sale (for agricultural and homestead property the period is 2 years and if redeemed in the second year the penalty is 50%), while Tennessee allows a full year, with a 10% penalty. As such, purchasers of properties at tax deed sales are cautioned not to make major improvements on the property until after the redemption period has expired.
Other jurisdictions do not allow a redemption period after sale (for example, Florida). However, the prior owner can still attempt to challenge the validity of the tax sale, for example by claiming that proper notice was not given.
References
- Don Sausa,. Complete Guide to Real Estate Tax Liens and Foreclosure Deeds : Learn in 7 Days . The Vision Press. ISBN 0-9788-3468-2. OCLC 77059156.
- Larry B. Loftis,. Profit by Investing in Real Estate Tax Liens : Earn Safe, Secured, and Fixed Returns Every Time . Dearborn Trade, a Kaplan Professional Company. ISBN 0-7931-9517-9.
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