LOL.. I find things like that humourous also. He probably paid a mint
for it, and somehow, in his mind, there is enough residual value left
in it that he can't throw it away. Computer 'deals' are often like
that. You know the guy paid thousands for that 300 DPI laser, way back
when, and now hopes to get $ 500.00 for it....oh..needs drum and fuser.
But why $ 19.00??? He didn't think he'd get $ 20.00?
Thanks for that.
Yep! I just bought a used laptop from my employer. He was asking $500. I
just laughed at him and said I would give him $200 and not a penny more. His
come back was that the computer cost him $2500, plus he just loaded Win XP
Pro a few months earlier which cost him $300. I told him fine, but for $500
I could darned near buy a new laptop, with more RAM, a bigger HD, wireless,
and Ethernet port He finally gave up, and I got the 'puter for my price!
I knew someone who took his house off the market after 6 months because he
couldn't sell it for what it was worth. I tried to explain to him that it
was worth what people were willing to pay, but he knew better.
My cousin tried to sell a house a few years back on his own, got a few
bites, but nothing near what he was asking for it. He finally gave in and
hired a realtor to sell the home. The Realtor appraised the house at almost
1-1/2 times his original asking price. My cousin figured he was crazy, but
they went ahead on the deal. Two days later he got a call from the realtor
with an offer within a couple grand of the "new" asking price! Even after
paying the fees he was way money ahead!
1) a few years ago. Prices have gone up since then.
2) Realtor - while some people don't like them, a good one is
very valuable. They know the prices of what sold in the area, what
they might have been in, know people looking for a house and can guide
you thru all of the paperwork. Our Realtor was
a joy to work worth and she deserved her 7%. She was scrubbing our
floors with my wife an hour before the realty tour! That was amazing.
in bids about 20 - 30% higher than asking. Wow!
3) Do-it-yourself homes are not listed on MLS. A lot of people use
the MLS online to guide them to homes.
Apparently, she wasn't as up to speed on market conditions as you thought.
And if I thought I could get 7% of the value of my home at sale, I'd gladly
scrub some floors.
Not quite true. My BIL sold his house via some web site that for a few
hundred dollars, would send someone out, take some pictures, and put the
house on the MLS. I suppose you could argue that it wasn't
"do-it-yourself", but it's a damn cry from hiring a full-service broker for
6 or 7% of the selling price.
A flip side to that:
I had a neighbor who put his house on the market FSBO right after the
neighbor listed his very similar home with a realtor in mid-2001.
Every time the agent held an open house, so did the FSBO. The realtor
sold the home he had listed for $284, the FSBO went for $281. Without
the home next store attracting the traffic, I'm not so sure the
results would have been the same, but it's a great example of making
the best of the situation.
Side notes (for general reading, not to pick on you <G>):
1.) A market appraisal, which is different from a tax or lending
appraisal. can be had ethically simply by paying ~$200-300 for it.
2.) Not all real estate agents are Realtors, the terms are not
3.) Since the market has gotten very quiet in my area, where the
average home is still $280,000 something, discount brokerages are
becoming more and more common. 3% brokers were getting common on
500k+ stuff while the market was still steaming.
"Not all real estate agents are Realtors"
All REALTORS are licensed agents. When you consider Buying, you are likely
to search their listings and, thus, find more properties for sale than is
likely trying to find FSBOs which may only be advertised by the sign in
their yard on the day you do your looking.
But, don't TRUST a REALTOR to be looking out for your best interests or even
knowing the law relating to contracts.
They can, thus, get in the way of an offer as they have the SELLERs trust
and the SELLER may be taking their mis-guided advice as to your offer.
Years ago, the selling agent would actually meet with the SELLER and SELLERs
agent to present the offer(s). Now, they simply fax them about town (or out
of) and "advise" via phone calls.
If you find a smart, educated agent, try and work with him (or her)
exclusively and let them know you are. At least you'll have someone "on your
side" through the process rather than "picking and agent" because he/she had
the sign on the property you liked.
I bought a used Toro snowthrower from my employer a few years ago. When I
tried to start it, the recoil was locked tight. Upon looking at it some
more, I discovered that the only thing wrong was a bolt wedged into the
impeller. I told them "I don't know how much it will take to fix it" in
which the owner replied, "$20 and it's yours then" It took me 6 hours and
$10 in parts to fix it.(It need a tune up bad and the carb was all messed
up) It has moved it fair share of snow since.
With regard to reviewing ads, I was searching eBay for shapers. The
resuts I got where not what I expected, although I was amused. So I
narrowed it down to Delta shapers and got very similar results but
centered around a specific type.
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