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We have all made choices in life that two seconds later we know we should take back. Especially when there is money involved this can become a problem. In the age before computers it was very simple to change your mind about something you purchased. However, since computers have come into the picture changing your mind has become a lot more complicated process.

In terms of eBay there are a few rules that apply when a bidder decides to change his or her mind after winning the bid on an item. This can be both challenging for the person bidder and the seller, but remember no matter what your circumstance you do have the right to retract your bid on an item after you won, if you choose to do so.

The problem is mainly about credibility. While there are many legitimate reasons to retract a bid on eBay, such as accidentally entering an incorrect amount for your bid, we must also keep in mind that eBay will allow you to retract your bid for almost any reason. This means that a compulsive customer could decide to retract a bid for illegitimate reasons more than a number of times. This not only is a breach of the contract mentioned in the buyer’s guide, but also it wastes the seller’s time and resources. This can also damage the buyer’s reputation and possibly disqualify him or her from future bids. For these reasons I would not recommend bidding on an item unless you are completely confident that you want it.

Though retracting is never a healthy idea for your reputation, more than likely at one point you will need to use this option. Your first move should be to notify the seller immediately about the reason you are retracting. Next, click on the “Services” link that is located at the top of the navigation bar. From there find and click on the “Retract Your Bid” link which is located under “Bidding and Buying Services.” Then, put the item number in the form located on the Bid Retractions page. Last, you can select an automated explanation, click on the “Retract Bid” button and rest easy that your bid has been removed from the auction.
The eBay management, in reality, is reasonable on things like these. In fact, eBay may accept whatever reasons buyers have whenever they want to pull back a certain bid. But then, it may pose harm on the bidder’s reputation in the future.

Retracting can sometimes be a necessary life saver. But remember, while eBay will accept many different reasons for retracting bids, just as a final warning, it can and will hurt your reputation if you abuse this feature.

eBay Resources and Information at ebay.advertising-selling.com/

Buying a home through online auction? I was scared out of my wits when I first heard about it. But gradually it dawned on me that it is not that difficult a task, as most people believe it is.

My research in online auction business in general and buying homes at online auctions in particular has resulted in innumerable points, I thought would be beneficial, if I could share with you all.

The new millennium ushered in technology at our doorstep making life comfortable to live. And to live we all need a home. With the advancement of technology, real estate business or property buying and selling over the years has undergone a dramatic change with at the click of the mouse you can see amazing homes around the country. What more, homes like any other household products are available at online auctions. The popularity of buying homes at online auctions has grown to such proportions that more and more homebuyers than ever before are buying homes at auction.

Buying a home is a tedious task, more so when it’s done at online auction. But with some meticulous planning and carefulness you could well end up buying one, which could save a lot of money, time and effort.

First and foremost, before the auction, you need to know your budget and have it in your bank account ready. Then come the location, size, and condition. It’s important to check the ownership history of the proposed home. Making comparison is a great idea, compare the cost involved with similar homes in the area, the number of rooms. Also look into the price difference due to decks, carpeting, windows and treatments.

Probably you won’t be able to make an inspection, perhaps buying home ‘as is’. If the repairs work or can’t hire it done within budget, you may not end up getting a good bargain at the end. This needs to be remembered.

And finally when you make it to auction, don’t succumb to temptations in the ‘bid war’. Stay within your budget limits. Remember you came to buy a home and make savings not to ‘defeat the other guy at bidding’. If you are not successful this time, there is always a next home next time.

Prior to actually bidding for a home at, make a check list of all the cost details including loan balance (if foreclosed), any back taxes owned, legal fee and other expenses in foreclosing the proposed property. This helps you get the facts right and know exactly the total costs involved.

Be careful and with proper planning, you could well end up getting your ‘Dream Home’ and make great savings.

Pradeep Aggarwal is an Internet Entrepreneur and a leading Online Business consultant, He has conducted many workshops and seminars across the world empowering people on How to start money-making Home Based Business. He also provides niche Website Promotion Tools for internet marketing

Always look at other ebayers feedback rating, this is important becasue it tells you their trading history on Ebay. If they have numerous negative comments which make them sound un-trustworthy, then its best to contact them first or leave it and look else where. If they have no feedback and are new, it is best again to contact them.

Never buy or sell to places from abroad such as Nigeria, Africa etc. These are again fraudsters using stolen credit cards and if they do pay you, well that money is guaranteed to be stolen which will be retracted from your account so you would lose out basically.

Always email or contact them some other way if unsure. At least this way, you’ll know about their communication standards.
Ask for a tracking number for a valuable item. This way you can track the item and you’ll know that they have sent it.

Never bid/buy from ebayers who claim to have 20* Nokia 8800’s, 20* Samsung D600’s etc (you get the picture). This is becasue it is all fraudulent. They do not have an verified email address which is why they ask you to email them from another email address stated on the listing, once they recieved the money they will withdraw this and close the account, and theyu wont send anything. Plus Ebay cannot do anything as it is too early for them to do anything.

If you do get into a fraudulent situation, contact the seller/buyer, if they dont reply, contact Ebay and paypal, then if they cannot do anything, contact your credit card company (by law you are protected from any fraudulent activity for 7/14 days) Dont leave it too late. You can contact the police as well, they will issue you a crime number, send this to the fraudulent ebayer, they may read your emails but just wont reply, if you show them a crime number, they would probably be scared and give you the money back. Request their contact details as well by searching it on help, at least you’ll know where they live and their contact number.
Always pay using paypal, you know you’ll be covered. Dont use outside companys such as Nochex and western union, you wont be covered.

Wonder why people put a reserve on their listings, well it is to protect themselves from bid shielding. This is where two and more ebayers target a listing for example, samsung D600 with a starting price of 0.99 and no reserve. The first fraudster will come along and place a bid of 0.99, the second fraudster will come along and place a bid of about £20. The third frauster will come along and place a bid of £500. This is worth more than the value of the phone therefore no one else will bid. Then when the listing is about to end, the third fraudster will cancel their bid and the second fraudster will win the item for £20. However ebay have put a stop to this but this is just one reason why ebayers place a reserve on their items.

And finally, dont bid/buy on something which sounds too good to be true as it will most likely be too good to be true.
(NEW) - Look out for new ebayers with a feedback score of 0. They normally bid for your item but then do not pay for it or would use some fraudulent way to pay for it such as spoof emails. You can tell this if the email is from paypal but then it goes to your Junk/spam mail and also if it says Dear customer, Dear account holder instead of your name - this shows that this is fraudulent and must be reported to paypal. You then have to suffer the ebay fees and relisting fees as well.

(NEW) - Also look out for people who do chargebacks. This is when someone pays for the goods, and after a few weeks or even days (basically after you’ve sent the item) they will process a chargeback with paypal. By this time most people delete the information needed to prove the claim therefore you lose out. To avoid this always keep records of transactions and anything else realted to that transaction for evidence.

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