real estate auctions and what to expect
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Many people on ebay are not knowledgeable buyers and you will lose them if you write a load of gobbledegook all across your auction. That's the only foolproof way to protect your reputation. There's usually little point in starting a fixed price auction for $100 when someone else is selling the item for $90. Do you monitor the competition?Always keep an eye on how much other items the same as or similar to yours are selling, and what prices they're being offered at. 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. The chances are that someone, somewhere will have seen fit to explain it. If you get serious about ebay but don't have a camera, then you will probably want to invest in one at some point. 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. You will be surprised how many problems you will avoid just by communicating this way. Sniping: bidding at the last second to win the item before anyone else can outbid you. Shill bid: a fake bid placed by a seller trying to drive up their auction's price. You'll probably do even better if you fill a niche than if you sell something common. " This might sound like giving the customer an opportunity to complain, but you should be trying to help your customers, not take their money and run. . There's a market for just about everything on ebay, even things that would not sell once in
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Real estate appraisal , property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is the most important determinant of their value. So there cannot exist a centralised Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property.
A real estate appraisal is performed by a licensed or certified appraiser (in many countries known as a property valuer or land valuer and in British English as a "valuation surveyor". If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report. Appraisals of more complex property (e.g. -- income producing, raw land) are usually reported in a narrative appraisal report.
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