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You have got to be kidding me, How could people be so naive as to buy a house on eBay?

Yet it’s happening out there, there is usually around 2000 house listings on ebay, and some are willing to buy, they just look at the description and browse through pictures from the comfort of their homes, they buy the houses, Thousands of dollars, and a heartbreak later, they find out that what they were promised, is not what was delivered.
Why do some people do this:
Ms. Fennelly, who has been shopping on eBay for years without a problem, said it was the feeling of safety she got from eBay that made her buy property before setting eyes on it. “You get lulled into a false sense of security with the name eBay, then get scammed in a big way,� she said. “If it wasn’t eBay, I wouldn’t have gone ahead with it.�"
Oh, but I must disagree. It’s not because they trust eBay that they buy, it’s because they get greedy and think they can make a fast profit with little risk or may be they are just lazy and don’t want to the work involved in finding the Wright house for them.

More details: Some Finding Perils in Online Real Estate - By Katie Hafner, The New York Times

Posted in eBay. | housing | real estate moose | | | | 326 reads