Members helping members
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10-05-2006, 15:25
Post: #20
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Members helping members
You are so right Bruce.
Something else happens from overpricing also, I have heard it called "shop worn". It is the dimished value a product gets by being visible FOR SALE for such a long time. Many potential buyers saw it at a higher price, then when the price has dropped, they consider something wrong because no one has boughtit, hence no one wants it. Bob Janes, Greenville, SC --- In WanderlodgeForum@yahoogroups.com, "birdshill123" > > This has been an interesting discussion. One thing that has not been > mentioned is that the buyer determines the final price not the seller. > I may think my unit is worth $60,000 because I have new tires, > transmission ,etc. But if the potential buyers balk at this price and I > get no offers then I am wrong. As BB owners we all know that there is > more value in one of our units than an old Pace Arrow. But just what is > that premium? If I reduce my price to $45,000 and there are still no > offers then that price is also too high. If I get a few offers of say > $38,000 to $40,000 then maybe that is the actual value. I am not > suggesting that one should reduce the price after a few weeks or even > months but a simple search of some of the BB sites will reveal units > that have been for sale for a year or more. These are not houses they > are depreciating assets. If a unit did not draw it's asking price a > year ago it is unlikely it will get that price today. As a seller you > have the option of not selling your unit at what you might consider a > very low offer. Remember your price is an ASKING price. Sometimes it is > better to let go and move on. I had a restored Clark Cortez many years > ago. When it came time to sell I thought it was worth $10,000. I had > spent more than that on upgrades and spare parts. I did not get one > offer. Finally a fellow that restored antique aircraft came to see the > unit. He loved it and offered $5000. I managed to get $6000 and it > killed me but that was it's value. > > > Bruce 1988 FC35 > |
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Messages In This Thread |
Members helping members - Ernest Ekberg - 10-03-2006, 13:20
Members helping members - erniecarpet@... - 10-03-2006, 20:27
Members helping members - dspithaler@... - 10-03-2006, 22:57
Members helping members - Harvey Lawrence - 10-03-2006, 23:57
Members helping members - Mike Hohnstein - 10-04-2006, 01:09
Members helping members - Gregory OConnor - 10-04-2006, 01:39
Members helping members - Scott - 10-04-2006, 02:32
Members helping members - Mike Hohnstein - 10-04-2006, 02:33
Members helping members - Troy Tikalsky - 10-04-2006, 03:56
Members helping members - Bob Lawrence - 10-04-2006, 15:17
Members helping members - Gregory OConnor - 10-05-2006, 00:08
Members helping members - Mike Hohnstein - 10-05-2006, 01:06
Members helping members - mbulriss - 10-05-2006, 03:34
Members helping members - rogerwwebb - 10-05-2006, 04:19
Members helping members - Leroy Eckert - 10-05-2006, 11:50
Members helping members - Wilhelmus Schreurs - 10-05-2006, 11:57
Members helping members - Henry Jay Hannigan - 10-05-2006, 12:12
Members helping members - birdshill123 - 10-05-2006, 14:00
Members helping members - Gardner Yeaw - 10-05-2006, 14:04
Members helping members - one_dusty_hoot - 10-05-2006 15:25
Members helping members - Gregory OConnor - 10-05-2006, 16:15
Members helping members - Gregory OConnor - 10-05-2006, 16:39
Members helping members - Richard Hayden - 10-05-2006, 17:25
Members helping members - Leroy Eckert - 10-05-2006, 23:42
Members helping members - Leroy Eckert - 10-06-2006, 00:46
Members helping members - Richard Hayden - 10-06-2006, 03:41
Members helping members - Leroy Eckert - 10-06-2006, 11:53
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