Auction Power Guide

Someone told me if i were to buy silver bullion and wanted to sell it back i would have to mark up the price and the buyer would buy at a discount but i dont quite understand this. can someone explain it to me?
im basically trying to find out how much money i would lose if i were selling silver back
and would i also get taxed if i ever sold my silver for a profit?

It depends upon where and with who you buy and sell from. Standard precious metal dealers will typically charge a bit of a premium on their bullion (a price above market rate), plus shipping and handling fees. If there is a metals auction in your area, you can buy at auction, though sales tax could apply there. You can also buy and sell silver bullion on eBay – but you will need to watch your bids as they can easily get well above market price, and shipping charges may apply.

If you sell your silver back to a dealer, they will want to buy it back from you at a discount to the market price – they are after all in the business to make money. You can attempt to sell it directly to investors at a local auction (though commission charges will apply) or through eBay (again, commission will apply). It really depends who you sell it to. Dealers and scrappers will want a discount from the spot rate, investors will pay closer to the actual spot rate.

Profit or loss will depend upon the spot rate at the time of purchase and sell. If silver has gone up enough to more than cover the premium, initial sales tax paid, shipping costs, then you will make a profit. If the spot rate has declined or not increased enough to cover your other costs, then you will have a loss.

Just like buying and selling any other product, you will have to pay taxes on your gains. Speak to your tax professional for the correct tax treatment of your gains from silver.

Love sales but don’t know the first steps into real estate. I know theres alot of scams promising success within a week, but i don’t believe that’s true.

I am a real estate birddog, investor and mentor and I am not a fan of the no money down, make a million dollars in real estate your first month B.S. However you can make a lot of money in real estate if you set yourself up right from the beginning and treat it like a business. My partner and I work with people to first establish their skill level, interests (rehabbing, buying and flipping, landlording, etc) and we also discuss risk tolerance. If you are 36 years old with a mortgage, wife and three children, you have more at stake than a 22 year old who rents a cheap apartment and only has to worry about himself. And different people have different comfort levels when it comes to risking capital or even taking on the responsibility of property.

That being said, I believe the best way to start is to read as many real estate books that you can get your hands on. I usually go to the library and take out books and if I think the book has good info, I will buy it. Also, you can go to ebay and half.com and look for real estate courses at greatly reduced prices. A lot of these have never been opened.

While you are doing that, look for a real estate investor group near you (go to nationalreia.com and click on groups). You can meet other investors and they can give you tips on who has better courses.

To me, if you are working with little money and are not sure of yourself yet, I recommend birddogging houses for other investors. You can learn your local market and also learn what other investors look for (this is called a clue). While you are learning, you should also make sure your credit is good (yeah, I know the no money, no job, no credit line. You dont need them, but it sure makes your life easier if you have them!). Also, line up your money, whether it is a line of credit, bank, mortgage broker and/or hard money lender or private investors.

I have generated $10,000 in a weeks time (with about 6 hours worth of work) tho it took a couple of weeks for the first $3,000 to be paid and about two months until the house closed and the rest came in. So, yes. You can make big and fast money in real estate. But it is better to go in with knowledge because there are sharks in the waters and scammers are out there.

If you want more info, you can email me at barb@nobledeeds.com.

Barbara Grassey
www.therealestatebirddog.com
www.nobledeeds. com

I am doing a school report in oppose and in favor of ebay fees.

I would like to know specifics of what may happen if eBay didn’t ask their sellers for fees or for as much as they currently ask for.

Examples:
Employees can’t be paid
Maintenance can’t be paid
Full service can’t be provided…

Ebay didn’t charge fees originally. They were completely free. The more they increase their fees, the more they lose power sellers. In 2008, with the new CEO "genius" in charge, they made some changes, one of the major changes was they lied to their sellers and made it seem like they were charging less fees (by making the listing price cheaper), but they increased the final value fee, so people were paying an arm and a leg in fees once the item sold. There was also some feedback changes (sellers could no longer leave negative feedback for buyers who dont pay, and feedback hurts a sellers rankings in search), and other changes (they put digital download sellers out of business overnight, gave them a few days warning and suddenly came out and said digital download items weren’t allowed anymore). All of these changes, especially the fees, caused the powersellers to leave and go to other sites, especially craigslist. The surge in sellers going to craigslist caused ebay to decline in visitors. Less sellers means less items (the power sellers and digital download sellers accounted for thousands and thousands of listings), and this means less visitors because those items get listed in Google, and many visitors find ebay by googling items first instead of going directly to ebay. This was ebay’s downfall. In winter 2008, for the first time ever, Craigslist matched ebay in monthly visitors (I checked on Alexa.com). Ebay continued to tell their investors that they were losing visitors because of the recession, which wasn’t true because Craigslist continued to increase around the same time. Ebay keeps increasing their fees to make up for the loss in visitors and actual sales, so its only a matter of time when this catches up to them, they cant keep it up forever.

I live in San Jose, where ebay is located, and they layed off more than 2,000 people in the past 2 years. They have more fees now than they ever did, but have much less employees than they did when they were free. Fees have nothing to do with service, employees, or maintenance….fee’s are only related to profits. The site could still run without fees, and they could generate income from selling advertising space on the site like Myspace does. They do sell advertising space, but its not enough and they will continue to try to squeeze more fees out of their sellers until their sellers are finally gone. Do a "completed listings only" search in advanced search. 80% of the items on there don’t sell. It was the opposite 5 years ago, and it’s not the economy, it’s less visitors. My websites still get sales and my sites are worldwide just like ebay is.

Amazon has lower fees, and doesn’t charge a listing fee, and continues to outdo ebay in generated income.

What is the difference between the two ? I just know OpenIPO is just like Dutch auction but I don’t really know the difference. 10 points for best answer. Thank you.

If a company is using a Dutch auction IPO, potential investors enter their bids for the number of shares they want to purchase as well as the price they are willing to pay. For example, an investor may place a bid for 100 shares at $100 while another investor offers $95 for 500 shares.

Once all the bids are submitted, the allotted placement is assigned to the bidders from the highest bids down, until all of the allotted shares are assigned. However, the price that each bidder pays is based on the lowest price of all the allotted bidders, or essentially the last successful bid. Therefore, even if you bid $100 for your 1,000 shares, if the last successful bid is $80, you will only have to pay $80 for your 1,000 shares.

The U.S. Treasury (and other countries) uses a Dutch auction to sell securities. The Dutch auction also provides an alternative bidding process to IPO pricing. When Google launched its public offering, it relied on a Dutch auction to earn a fair price.

An OpenIPO is essentially the same, a modified Dutch auction (which is usually only for a single item) which allows many shares of an initial public offering to be allocated in an impartial way. All successful bidders pay the same price per share. It is the lowest price at which all shares offered are subscribed to.

There is some confusion over terminology: some financial commentators and some third-party auction sites use the term Dutch auction to refer to second-price auctions, which are totally different from Dutch auctions: in a second-price auction, the winner pays the amount bid either by the lowest winning bidder or by the highest losing bidder.

Read more: http://www.investopedia.com/terms/d/dutchauction.asp#ixzz2F9TaSbdb
http://financial-dictionary.thefreedictionary.com/dutch+auction
http://en.wikipedia.org/wiki/Dutch_auction
http://en.wikipedia.org/wiki/OpenIPO

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Gold prices in India are at record highs. More investors are entering the gold markets trying to hedge against rising inflation while the traditional gold jewelry markets are on the decline.

In India, gold increased to a record high of about $497 per 10 grams following a global surge. This has triggered purchases from investors looking to protect themselves against rising inflation while scaring traditional consumers away from the markets.

In New Delhi’s jewelry market of Karol Bagh, the shopkeepers are worried about losing their long-time customers whose numbers have dwindled following a prolonged increase in the price of gold.

[Rakesh Saraf, Gold Society of Delhi]:
“There are more investors in the market and they are buying bullion bars and less of jewelry sale is there. Only a compulsive (compulsory) buying is there in the market where there is a marriage in the family and you have to buy.”

India is the world’s largest consumer of gold, and for centuries, gold has held an allure for Indian women.

It also forms an integral part of an Indian wedding where parents of the bride give their daughter gold jewelry as her dowry and a means of financial security.

But the high prices at the moment are worrying some traditional consumers.

[Swati Malhotra, Jewelry Buyer]:
“They are increasing so high I was thinking that when my son will grow up how will I manage his marriage? So I am investing right now for him.”

[Monica Suri, Jewelry Buyer]:
“Right now we are postponing that our budget is not so much that we can buy right now, let us see.”

Gold traditionally benefits from a weak dollar, times of political and economic uncertainty, and periods of rising inflation. Prices have doubled since the lows of 2008.

Duration : 0:1:47

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EBay, Auction, business, Marketing, Internet, product, earnings, Sell. Property auction takes place for huge kinds of properties available in the market for sale. Auction is said to be the most required and essential part for commercial auction property. Property will be auctioned based on the basic requirement of the public and the person who list for auction. Some of the investors or buyers will be aware of tips and guidelines required for property auction. While proper guidelines and tips are followed, the bidder of the property auction will find easier to make the auction more successful. Auction is also called has public sale and this public sale fetches more demand among the investors and buyers for reasonable prices. Before you start for bidding for the property listed, as a bidder follow some of the guidelines required. Their will be more number of properties listed for public sale, for more detail go to: www.auction-profesional.com. see the property required from the auction list of the appropriate state. Some of the tips provided for bidder to make his auction success.

Selection

Choose the property from the auction list properly and see to that the property selected will be your desire property. Confine with the property selected and go for further property auction. Before choosing the property in auction, see to that the property is eligible and it fetch more profit in the future. Ensure with different information provided for the property to be auctioned. Check too that the property is your desire property.

When the property you choose for auction, confines whether the property goes for guaranteed obligation. Some properties do not give guaranteed obligations, i.e. the auction may be cancelled in between. The bidder should see to that the property will give him guaranteed obligation and fetch him more profit.

Bidding place the major role in property auction and he is the one who decides to purchase the house property. Bidder is the person who bids on the property for the price required. While bidding for the property, the bidder should be very careful and it should be reasonable.
For more help visit to: www.online-auction-gold.com. There are cases where the bidding price will be more than the market price for the property or the price will not be reasonable. Property goes for guaranteed obligation. Some properties do not give guaranteed obligations, i.e. the auction may be cancelled in between. The bidder should see to that the property will give him guaranteed obligation and fetch him more profit.

Bidding place the major role in property auction and he is the one who decides to purchase the house property. Bidder is the person who bids on the property for the price required. While bidding for the property, the bidder should be very careful and it should be reasonable.

Aadhar
http://www.articlesbase.com/internet-articles/tips-for-make-auction-success-673500.html

I am getting sick and tired of all these unmentioned properties in my area. If only the banks would just adjust their prices then their messes could be cleaned up in a responsive fashion.

The lenders out there will have to learn to take the bite. Do not worry they are very creative and will get their money back from you another way.

Many prospective home buyers and investors have been trying to get great deals at auctions. I wonder why banks are sending a great deal of their properties to auction.

Online auction house’s popularity is huge today; go to www.auction-extreme-package.com you can have a mild auction feeling in the comfort of your own home. All it takes is a little addiction to online auctions and before you know it you will be at the live ones.

One of the first auctions I attended was held on the front yard of the property being auctioned. I was pretty mad that they showed up about forty-five minutes late. Within less than five minutes of their arrival the auction was over. It is truly amazing that from start to finish it was over so quickly.

When I go to a real estate auction as an investor I’m looking for a good deal. I know exactly what I am looking for. Also, what price they are worth and what I am willing to pay. Just too many times I just watch people bid them past what they are worth on the open market. On top of that they have to pay the auction house for its time. At that point you could have just made an offer on a similar property for a much lower price.

A fix percentage of the final bidding price is the most common way an auction house gets paid. That amount is added to your bid to make the final purchase price.

When placing your first bid at a real estate auction always remembers that there is additional cost on top of your bid. As rule of thumb I usually calculate about an extra ten percent in additional costs to be safe when calculating my highest bid price.

Today almost everything we read and sign have disclaimers throughout. I particularly like the auction books, go to www.auction-entrepreneur-kit-com they show you so many great deals in the front. When you flip to the rules and regulations section those great things don’t actually exist.

The first few pages of an auction always show you what an amazing deals you could get. In truth those numbers are just there to get your attention and motivate you to actually attend. Do you think that anyone would sell a house $500,000 home for $79,000?

I always thought the when you go to an auction if you bid the highest you win. I wish that was actually true. Many of the auctions have all things these super low starting points. It seems that they always forget to mention that there is a reserve price in the front of there books. Basically those numbers mean nothing and are just a fantasy. The lenders still get the price they want or they don’t have to sell.

Auctions seem to me to become a waste of time and money. I have to waste a full day and show them a considerable deposit just to bid. The actual bidding is supposed to be up to the buyers not the sellers.

PARMOD BANSAL1

I am getting sick and tired of all these unmentioned properties in my area. If only the banks would just adjust their prices then their messes could be cleaned up in a responsive fashion.

The lenders out there will have to learn to take the bite. Do not worry they are very creative and will get their money back from you another way.

Many prospective home buyers and investors have been trying to get great deals at auctions. I wonder why banks are sending a great deal of their properties to auction.

Online auction house’s popularity is huge today; go to www.auction-extreme-package.com you can have a mild auction feeling in the comfort of your own home. All it takes is a little addiction to online auctions and before you know it you will be at the live ones.

One of the first auctions I attended was held on the front yard of the property being auctioned. I was pretty mad that they showed up about forty-five minutes late. Within less than five minutes of their arrival the auction was over. It is truly amazing that from start to finish it was over so quickly.

When I go to a real estate auction as an investor I’m looking for a good deal. I know exactly what I am looking for. Also, what price they are worth and what I am willing to pay. Just too many times I just watch people bid them past what they are worth on the open market. On top of that they have to pay the auction house for its time. At that point you could have just made an offer on a similar property for a much lower price.

A fix percentage of the final bidding price is the most common way an auction house gets paid. That amount is added to your bid to make the final purchase price.

When placing your first bid at a real estate auction always remembers that there is additional cost on top of your bid. As rule of thumb I usually calculate about an extra ten percent in additional costs to be safe when calculating my highest bid price.

Today almost everything we read and sign have disclaimers throughout. I particularly like the auction books, go to www.auction-entrepreneur-kit-com they show you so many great deals in the front. When you flip to the rules and regulations section those great things don’t actually exist.

The first few pages of an auction always show you what an amazing deals you could get. In truth those numbers are just there to get your attention and motivate you to actually attend. Do you think that anyone would sell a house $500,000 home for $79,000?

I always thought the when you go to an auction if you bid the highest you win. I wish that was actually true. Many of the auctions have all things these super low starting points. It seems that they always forget to mention that there is a reserve price in the front of there books. Basically those numbers mean nothing and are just a fantasy. The lenders still get the price they want or they don’t have to sell.

Auctions seem to me to become a waste of time and money. I have to waste a full day and show them a considerable deposit just to bid. The actual bidding is supposed to be up to the buyers not the sellers.

PARMOD BANSAL1

I am getting sick and tired of all these unmentioned properties in my area. If only the banks would just adjust their prices then their messes could be cleaned up in a responsive fashion.

The lenders out there will have to learn to take the bite. Do not worry they are very creative and will get their money back from you another way.

Many prospective home buyers and investors have been trying to get great deals at auctions. I wonder why banks are sending a great deal of their properties to auction.

Online auction house’s popularity is huge today; go to www.auction-extreme-package.com you can have a mild auction feeling in the comfort of your own home. All it takes is a little addiction to online auctions and before you know it you will be at the live ones.

One of the first auctions I attended was held on the front yard of the property being auctioned. I was pretty mad that they showed up about forty-five minutes late. Within less than five minutes of their arrival the auction was over. It is truly amazing that from start to finish it was over so quickly.

When I go to a real estate auction as an investor I’m looking for a good deal. I know exactly what I am looking for. Also, what price they are worth and what I am willing to pay. Just too many times I just watch people bid them past what they are worth on the open market. On top of that they have to pay the auction house for its time. At that point you could have just made an offer on a similar property for a much lower price.

A fix percentage of the final bidding price is the most common way an auction house gets paid. That amount is added to your bid to make the final purchase price.

When placing your first bid at a real estate auction always remembers that there is additional cost on top of your bid. As rule of thumb I usually calculate about an extra ten percent in additional costs to be safe when calculating my highest bid price.

Today almost everything we read and sign have disclaimers throughout. I particularly like the auction books, go to www.auction-entrepreneur-kit-com they show you so many great deals in the front. When you flip to the rules and regulations section those great things don’t actually exist.

The first few pages of an auction always show you what an amazing deals you could get. In truth those numbers are just there to get your attention and motivate you to actually attend. Do you think that anyone would sell a house $500,000 home for $79,000?

I always thought the when you go to an auction if you bid the highest you win. I wish that was actually true. Many of the auctions have all things these super low starting points. It seems that they always forget to mention that there is a reserve price in the front of there books. Basically those numbers mean nothing and are just a fantasy. The lenders still get the price they want or they don’t have to sell.

Auctions seem to me to become a waste of time and money. I have to waste a full day and show them a considerable deposit just to bid. The actual bidding is supposed to be up to the buyers not the sellers.

PARMOD BANSAL1

Many properties have repossessed this year. Due to recession, there has been an increase in home repossession. According to a survey, there were nearly 19,000 properties that were repossessed in the first half of 2008. It is not easy to digest who have lost their houses. If you are planning to buy your dream home at a reasonable price, you can look for those repossessed properties which are now available for auction, at a lesser price. If you would have purchased a new home you would have paid 50 percent more but if you buy the same house through auction you will pay half the amount. In the past three years there has been an increase in the percentage of repossessed properties that are auctioned by over 300 per cent. In numbers the repossessed properties that were auctioned were nearly 3,102 in the first half of 2008 from 800 in the first half of 2005.

A survey from the Royal Institute of Chartered Surveyors tells that the properties that were sold easily through auction over the past three years are going through a bad phase due to credit crunch. But there is a plus point with less competition in auction you can bargain for the property at a price you wish to buy. Many bankers and lenders sell repossessed properties on a single day itself because they want to receive their amount and so they don’t wait for achieving a higher price. Due to this many properties are sold at a low price which is enabling investors to get some excellent deals. Even newly build flats are being sold at huge discounts. If you buy a property at auction you can save as much as half the value of the property. But remember before you step into the auction room do your homework well.

See to it that you auction the property at a price that you can afford, because if you raise your hand once you have to buy the property. The timescale that is involved in a property auction is much tighter when compared to real estate agent. If you’re planning to buy a property through auction see to it that your finances are in place, as there is limited time frame. You have to make 10 percent of the purchase price on the day of auction and the rest within 28 days. So contact a lender in advance who will help you out. Many lenders will not be able to process the mortgage application in such a limited period of time. So it would be better if you take guidance of a good broker. Remember to inspect the property properly before going for a bid. Some auction properties have legal minefields like bad titles of ownership. So try to spot it in advance. On the day of the bid you should have 10 per cent of your maximum bid, solicitor’s bid, two forms of identification and auction catalogue. If you don’t carry these don’t go for a bid.

Ron Victor
http://www.articlesbase.com/real-estate-articles/property-auction-at-a-lesser-price-716730.html