These trends are unstoppable, the “bricks and mortar” approaches of the past are losing their influence as more and more buyers and sellers migrate to the Internet. eBay is one Internet based company that is leading the charge in displacing the local realtor and their 6% commissions. eBay has established a wonderful platform for buyers and sellers of real estate and you need to take advantage of this great marketing tool.
Have any of you 6 years ago looked at eBay to buy a car? If you had, you would have seen in the year 2000 a small eBay auto marketplace…fast forward 6 years and now
eBay Motors dominates the used car marketplace and is the country’s biggest car dealer!
Hmmm…now take the above fact and do you think perhaps eBay Real Estate is similar today to where eBay Motors was in 2000? The point to remember here is that within the movement of Real Estate to the Internet, eBay is one its way to becoming one of the leading real estate forums and will provide you with some distinct advantages over traditional means of marketing real estate.
Just to see an example of eBay’s growing presence in Real Estate the following numbers are from November, 2006.
1. There are now over 4,364 real estate properties sold on eBay Real Estate every month including:
• 1300 Residential Properties
• 350 Commercial Properties
• 100 Manufactured Homes
• 1100 Timeshares
• 1500 Land Parcels
2. By listing on eBay you have access to over 147 million registered eBay users that are your potential customers.
As a real estate investor you know that there are always multiple ways to do things in real estate and that some techniques work better than others depending on the situation.