Buying Homes on Ebay?

Purchasing real estate on Ebay, is this a bad idea?


Have you done it? Could you fill me in on what to look for and what to watch out for?Buying Homes on Ebay?
About once a month, I receive a phone call from somebody interested in a house or property from ebay.





My fellow Realtors across the country experience the same thing.





The hard fact is, if they could sell this property to locals, THEY WOULD. Sellers, especially of lower end properties, put them on ebay and dump them to unsuspecting buyers. They see the pictures, call to make sure it is a legal property, do whatever checks they need to satisfy themselves, then click the bid button,





One person called me after he bought the property. What he bought? A pile of problems. He received a condemned property and promptly received a fix or demolish in 30 days notice from the county. Nice! When this person called, the do not occupy notice had not been tagged yet, but the owner knew it was coming, so he threw the property up on ebay and found a sucker.





Another person called me about a property on ebay, it had been used as a drug house where methamphetamine was cooked. It had been tagged as a 'do not occupy' house until it had a clean up. I knew this, obviously the owner knew this, but there it was, on ebay. Any prospective buyers would have had to do some digging to find out this information, but did the ultimate bidder know? Who knows?





Horrible offenses are easy enough to find know because of the internet. But the history of a house, its neighborhood and such, much tougher to do.





I don't recommend buying real estate on ebay unless it is something you can check out locally.Buying Homes on Ebay?
I would not personally buy any sort of real estate off of EBAY. Who knows you could get a major dive. With things that you purchase off of Ebay you cannot see the condition that the product is especially with something like real estate. For all you know, you could be purchasing something that has been a grow op, or has had a homicide, or other related crime, or even that has been codemned by the health department. You are really playing with fire getting something like this off of Ebay.