It's perfect for a back up bike! Put on some cruiser tires and ride 'n style!!!
It's perfect for a back up bike! Put on some cruiser tires and ride 'n style!!!
And on a bike that is a smokin hot deal, like that Ritchey, I assume any delay on my part invites others to bump me off the priority list by offering more. Anymore, if I can't pounce, I assume someone else will. That said, about two months ago, there was an incredible deal on C/L, I saw the ad an hour after it was posted, so I assumed it was gone. The next day, the ad was still up (WTF?), I contacted the seller, and picked up a Trek 1420 for $40. Why all the scoopers were not all over this deal was beyond me. After refreshing the bike (cables, bearings, new tires, replaced saddle and pedals, new bar tape), it sold quickly at fair market value.
The advantage of being an old retired guy is I usually have the flexibility to launch after a bike any time. The disadvantage is I do not have a paycheck to fund this activity. So it kind of balances out.
^Ah yes, the famous I showered with this bike flipper. That fellow should know that glass block was last a hot look around the same time Miami Vice was on TV!
The Ritchey is a lower end model that won't sell for that much to a collector. And if you don't believe me, I have the same frame and fork in my garage that I will let go for half his asking price.
I don't mind flippers at all, I like to think they hide the gems between their multitude of reposted adds from the casual eyes. :rolleyes:
I sort of share the perspective of @mongol777 and a few others. I generally would only try to buy a bike that I'm actually interested in riding... often because it's a model I've read good things about here. And it does get frustrating when someone else gets to it first and gets a good deal on it because I can't make it to the seller until after I'm done with work... and then the bike shows up back on CL for what is no longer a good price.
- Has to be the bike I really like and want to try out (even if size is not quite right)
- When I later rebuild it and/or refurbish for sale - I know how it rides, I can tell potential next owner cons and pros from my perspective and I generally put a lot of effort to try and make it nicer (one of my last acquisitions, Miyata 100 is case in point - great ride, handling and frame is superb, very nice ride. My buddy wanted drivetrain so he got and I built it up as FG, really nice FG - Ritchey wheelset with sealed bearing, screaming orange pedals, tires and grips. It came out so nice that everytime I come down to garage I can't stop looking at it and have serious second thoughts on just hanging on to it. Event original crankset worked out real nice - chainrings are stainless steel and very round plus big ring is hidden behind built in chainguard, makes for very clean airy look)
- If I get greedy and just get the bike for pure resale - I am not very passionate about selling it and it shows (somehow pictures don't come out right, I may try and save by installing cheaper grips, whatever pedals I have laying around, etc - just can't bring myself to spend time and effort). Luckily I get less and less of those - pretty much zero since last summer.
And I am usually can go and get the bike on a short notice but work comes first always - I have to take of my customers (which sucks sometimes but I love my job and it pays the bills and lets me be picky about bikes I buy). Funny but I missed Ritchey not because of my job but because of my little brother - for whatever reasons he decided to throw his b-day party on Sun instead of usual Sat. And Sun was the day when stars aligned and I should have been on my way to get the Ritchey.
I've had stuff like that backfire on me though.
I was selling a Gibson Les Paul Standard at a very reasonable price. Guy calls me up in the morning and tells me he wants it but cant be to my place until 6pm that evening. I basically tell him i only do reservations if you are on your way to pick it up and he starts throwing a tantrum. I eventually relent and he promises to be at my place that evening, 6pm sharp.
Well, wouldn't you know it he calls me up at 5:30 after I turned several others away telling me his meeting is taking longer than expected, and that i should just go ahead and sell it to someone else because he wont be in my area for another week. Frigin unbelievable.
The second time, the guy shows up finally, after I turn down at least six others. This guy gives me: "I researched this bike on the web, your asking price is too high. Its only worth 60% of asking price." I am thinking to myself, Buddy, I have sold around 600 bikes, and ten just like this one. I priced this one $50 LESS than the last exact same model last fall, but I priced this one LOW as it is off season. I just tell him my price is FIRM, as I have several others that want it. I should have loaded up the bike right then. So he offers me 70% of my asking price. "Price is firm." 75% "PRice is firm". And so on, up we go. He gets within $10, and tells me: "You are going to walk for $10?" I am thinking, I am not walking over $10, I am walking because you are an as@hol#. HE ends up giving me full price.
+10 To below, bartering over the phone or email. At best, it only commits the seller. A lot of those buyers never show, even after they "agree" to a price. Heck, we get a lot of that crap here in the forum: "I got the seller to agree to my offer of $200, is it a good deal?" Buddy, you already made the freakin offer, is your word worth anything or not? Invariably, someone will chime in "thats too high for that bike", at which the OP replies back: "Thanks, you helped me avoid a mistake!" Huh???? You talked down the seller to a number, got the seller to agree. Keep your word, and go pay for the bike. If you offered too much, treat it as tuition. You learned in the future, research the value of something BEFORE you make an offer, whether it is a car, house, bicycle or whatever. If you do not do that research realize you will at times overpay for items.
This is exactly why I don't barter over email/text/phone. All offers in cash and in person only. How can anyone make a realistic offer without seeing the item? I'll usually take less than asking, but my prices are reasonable. I have no problem walking away for $10; and usually buyer attitude will dictate that.
If I didn't flip a bike now and then my bike fund would be zero. It allows me to upgrade bikes I want to keep.
Update. The Trek is still there. Re posted yesterday.
+99 to a77impala. Flip money bike fund= a nice wheel upgrade or another pair of pedals if the bike stable is good for now.
It seems that whenever I am selling a Trek mid to late 80's touring bike, 520, 620, 720 someone that really wants it contacts me from hours away. Once from Hawaii even. Can I hold it for them? You bet, just paypal the money and it's a deal. I refer them to my ebay ID with a lot of bike sales and 100% feedback so that is a must have for instilling confidence in a Craig's List transaction.
I held a 1989 520 for 5 weeks recently. The guy HAD to have it. It was odd because the buyer contacted me and so did his brother without either knowing at first. Maybe they will share it!!
I had a bike I sold for $70, it popped up 100 miles away for $250, it sat on the market for a week, then disappeared. Was it sold for that price? No way to know. Sure, there's dishonest (or wise?) folk out there, who can manipulate the local bike market by posting a very high asking price, then 2 days later pulling their ad, which makes the endeavour look like they're selling higher-end bikes, and getting them sold at the inflated price, when all they are doing is making an attempt to point the buyers towards themselves. Me, when I sell a bike on C/L, I post the word "SOLD" in and edit, and leave the ad up for a couple of days , it's like advertising that I can sell bikes for the cost I advertise them for, then quickly sell them.
I was selling a bike and I had a buyer who seemed weird on the phone. He was oddly insistent on when he wanted to pick up the bike and I reluctantly agreed to 7pm. I had a date that night and told him it was cutting it close, he needed to be on time and remember to compensate for Philly traffic. 7:15 - no buyer, no call, he's not answering my call, I figure he flaked out. I left for the date.
Hours later, after dinner, we're having coffee at her place across town - he calls, he's at my place. I tell him go away and hang up. He keeps calling. I ignore the calls. My land lord calls and says he's being loud - can I please deal with it. I leave - pissed. He must have called 10 times in the 5 mile ride to my place. I get there breathing fire...he instantly turns apologetic. I get the bike - he starts to lowball me. I don't remember the actual numbers, but let's just say asking price was $100. He offers 50.
I'm ticked. I had to leave a romantic evening because of a land lord complaint, he's hours late - and he's low balling. I tell him he's a jack ass and a moron. The bike is now $120 and either the cash is in my hand or I leave. If I get another call, I call the police. He hands me 100 and begs me to wait, he's running to an ATM. I tell him now it's $130 and after 10 minutes it's 140. He runs to an ATM, comes back, hands me 140, throws it in his decrepit truck and drives away at about 2x speed limit. I ride to a supermarket, buy flowers and chocolates with the extra 40 and ride back to her place.
Aaron, you did it right. I should have raised the price. Classic.