Posted by ScottyHOMEy on February 12, 2009 at 07:15:17 from (71.241.192.17):
In Reply to: Re: $5500 C posted by Rick(MN) on February 11, 2009 at 20:13:32:
Intersting discussion.
"I'm of a mind that an owner can price his property however he chooses."
Spot on, Rick. There are sellers out there, though, that don't quite get that, while that is true, they can expect it to remain their property if their price is too high.
I didn't go to his ad but, from the pic below, it looks like he did a first-rate job on the paint. If he did the mechanical work to the same level, yep, it's a nice tractor. But he's got it priced in a funny range.
On the lower end of the fair-price range you have buyers who will come up with a price for a working tractor. Even with the premium they might be willing to pay for it being restored to a mechanically sound and cosmetically pleasing condition, the costs of getting the tractor to that point will often exceed the end value (price) to this kind of buyer while still turning wrenches, and before the first quart of paint has been bought. This is not even factoring in the value of the time of the person doing the work.
On the other extreme, there are the folks out there who send tractors out ( a few do their own work) for a first rate, I-defy-the-correct-police-to-pick-it-apart restoration. Those cost megabucks, far more than he's asking. He's priced too low for that crowd. They'd knock a thousand bucks off their offer at the git-go just for the black starter, and many of them likely would not inquire at all becasue they want to buy it with the job all done, not something that they'd have to pay to have fixed.
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