Silent auction technique is mostly used in charity events. A silent auction is conducted by setting up tables or displays of items or services upon which people can bid. A minimum bid is set when the item is of high value. Paper is located near the item, which allows people to write down their names and bids. This gives people a chance, during the event, to tour the different items available for auction and decide upon which items they would like to bid. In one sheet of paper all the previous bid amounts are written so that people participating in this type of auction know that they have to bid at a higher amount to get the item. Silent auction is nowadays offered in eBay, where people can bid for items and see the bids of others. In a silent auction no contact is made with the seller until bidding is finished.

Reverse auction is associated with internet auction and e-purchasing. It is also known by many names like procurement auction, sourcing event, e-sourcing and e-auction. In a regular auction, purchasers are allowed to place a bid on an item, which is the amount they are willing to pay in order to buy the item. The person who places the highest bid usually ends up with the item. But in reverse auction, the opposite is true. Buyer advertises a need for an item or service. Sellers then place bids for the amount they expect to be paid in order to perform such a service or provide such an item. Generally, the seller who places the lowest bid will win the job or sell the item. Reverse auction begins with a meeting that takes place between the buyer and seller, who is known as market maker. Special considerations like the necessary materials, time frame and budget for the job are discussed at the meeting. If the buyer is interested in purchasing an item, consideration such as the age of the item and quality of the item may be discussed beforehand.

Purchasing a home is the largest investment that you would ever make. While purchasing a property see to it that you are not pressurized by estate agents, spouse, relatives or anyone else. Do keep certain things in mind while purchasing a property. There are certain costs that you have to incur before buying or selling investment property. These costs have to be taken into account while buying a property for investment, as this will affect the return on your investment. Certain costs are purchase price, bond registration costs, transfer duty, property transfer costs, miscellaneous costs, monthly costs of ownership, estate agents commission and capital gains tax.

Transfer duty is nothing but the tax that is paid to the government on the transfer of every property from one person to another. Miscellaneous costs include costs such as levies, new carpets and curtains and other maintenance jobs that need to be completed before a tenant can move in. Capital gains tax is incurred when selling a property at profit. Bank will loan you money and in return you will have to provide the band with some form of security, which is usually a bond registered over the property. The bond allows the bank to take the property away in the event of default.