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  1. #26
    Senior Member Thumpic's Avatar
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    It's perfect for a back up bike! Put on some cruiser tires and ride 'n style!!!
    Thumpic....

    Green is the new "CHEAP"

  2. #27
    DRF aka Thrifty Bill wrk101's Avatar
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    Quote Originally Posted by mongol777 View Post
    I am occasional flipper - usually when deal is too good to pass. I try to keep the bikes I like but sometimes it does not work out and I sell them. I am only mad at other flippers when I miss the deal :-) For example this gorgeous Ritchey was posted for $50,
    If I held bikes for people that were coming this weekend, or tomorrow, or whatever, I would have 100 more bikes than I have today. C/L is the land of no shows. My basic rule is I will hold a bike if you call when you are heading my way (I won't sell it out from under you while you are driving). Last bike I held was supposed to be for two days (payday for the buyer). I even took a deposit. Well, then his paycheck was less than he thought, then his rent was due, etc. It drug out for over a month. Shame on me.

    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.
    Last edited by wrk101; 03-04-14 at 12:48 PM.

  3. #28
    Decrepit Member Scooper's Avatar
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    Quote Originally Posted by wrk101 View Post
    Why all the scoopers were not all over this deal was beyond me.
    Huh?
    - Stan

  4. #29
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    Quote Originally Posted by wrk101 View Post
    If I held bikes for people that were coming this weekend, or tomorrow, or whatever, I would have 100 more bikes than I have today. C/L is the land of no shows. My basic rule is I will hold a bike if you call when you are heading my way (I won't sell it out from under you while you are driving). Last bike I held was supposed to be for two days (payday for the buyer). I even took a deposit. Well, then his paycheck was less than he thought, then his rent was due, etc. It drug out for over a month. Shame on me.

    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.
    Don't get me wrong - I am more mad at myself cause I was not able to go and get it right away. My policy is usually no holds as well. But if the guy/gal seem serious and are 1st in line - I at least give them a heads up that they got competition.

  5. #30
    Still learning oddjob2's Avatar
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    ^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!
    Life is like riding a bicycle. To keep your balance you must keep moving. Albert Einstein
    2014 Additions: 1985 Trek 560, 1992 Trek Multitrack 700 (my 2nd), 1994 Trek Carbon 2200, Peugeot PX-10, 1981 Schwinn Voyager, 1989 Bridgestone RB-1

  6. #31
    DRF aka Thrifty Bill wrk101's Avatar
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    Quote Originally Posted by Scooper View Post
    Huh?
    Good one Stan. Maybe I should call them "pickers". In my area, the economy has been so bad for so long, that there are a lot more pickers (maybe 5X). Line forms in front of the best thrift store in my area about an hour before they open. Pickers literally run around the store, grabbing everything in their path. And a lot of the pickers that used to stick with just a category like shoes, or electronics, or books and so on, have branched out to bikes. They will grab anything that looks like a deal, take it to the flea market and make $25 to $50. Some will call me. I bought one out of the back of the car from one picker in my area, he paid $15 at another Goodwill ten minutes earlier, I paid him $65. No fuss, no muss, instant profit for him. All of those pickers I have met have no interest in refurbishing a bike.

  7. #32
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    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.
    Seek: Early 80's Mountain Goat Bar/Stem Combo.

  8. #33
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    Quote Originally Posted by Aemmer View Post
    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.
    It was a great deal at $50 :-) In the heat of the moment I probably would have matched $175 offer by toilette guy even though size is a bit small for me. But now I already calmed down and moved on to other bikes :-)

  9. #34
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    Quote Originally Posted by mongol777 View Post
    It was a great deal at $50 :-) In the heat of the moment I probably would have matched $175 offer by toilette guy even though size is a bit small for me. But now I already calmed down and moved on to other bikes :-)
    Absolutely,
    I would have grabbed it at $50 which is exactly what I paid for the one I quoted in the garage.

    I can't imagine selling anything with a picture of it on the toilet, although once I bought a Fisher that had dog poop on the tire.
    Seek: Early 80's Mountain Goat Bar/Stem Combo.

  10. #35
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    Quote Originally Posted by Aemmer View Post
    Absolutely,
    I would have grabbed it at $50 which is exactly what I paid for the one I quoted in the garage.

    I can't imagine selling anything with a picture of it on the toilet, although once I bought a Fisher that had dog poop on the tire.
    He's been doing it for a while and received lots of hate postings on CL :-). I yet to buy something from him but tempted sometimes - he has couple of frames I am semi-interested in (one repaint Raleigh 531 and another is Claud Butler). So may be one day I will get to see the toilette!

  11. #36
    bicyclatte! echo victor's Avatar
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    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.
    If someone can pour a Guinness with a cycle instead of a shamrock on top, I'll update my profile pic.

  12. #37
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    Quote Originally Posted by oddjob2 View Post
    MRT2, show some compassion, the flipper needs to improve his home. Worn out, fake, parquet vinyl tile, a peeling and unpainted door, and evidence he's still using a desktop computer.
    +1. Look at that door!
    "Of course you eat too much" (Looigi) There are things people say that are so true you can never forget the wisdom. I still eat too much. Without denial.
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  13. #38
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    Quote Originally Posted by echo victor View Post
    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.
    I am totally with you - when I look back at all the bikes which went through my hands:
    - 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.

  14. #39
    Senior Member zazenzach's Avatar
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    Quote Originally Posted by mongol777 View Post
    Don't get me wrong - I am more mad at myself cause I was not able to go and get it right away. My policy is usually no holds as well. But if the guy/gal seem serious and are 1st in line - I at least give them a heads up that they got competition.

    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.

  15. #40
    DRF aka Thrifty Bill wrk101's Avatar
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    Quote Originally Posted by zazenzach View Post
    I've had stuff like that backfire on me though.
    +10 Two times I felt sorry for the buyer and I held the bike. One was a college student. I had ten people that wanted the bike, but I turned them all down, waiting four days for the buyer to show up. He finally shows up, and immediately low balls me, offers me 50% of asking price. I just send him on his way and offer him good luck finding a deal.

    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.
    Last edited by wrk101; 03-05-14 at 04:19 PM.

  16. #41
    Senior Member Thumpic's Avatar
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    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.
    Thumpic....

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  17. #42
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    Quote Originally Posted by zazenzach View Post
    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.
    Happened to me to. At least your guy had decency to call - some don't even bother.

  18. #43
    a77impala a77impala's Avatar
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    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.
    Treks, 85-420, 87-560, 90-930,92-970, 95-930, 96-1220, LeMonds, 2000 Zurich, 05-Etape, 06-Versailles

  19. #44
    Senior Member MRT2's Avatar
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    Update. The Trek is still there. Re posted yesterday.

  20. #45
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    +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!!

  21. #46
    Mike J
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    Quote Originally Posted by MRT2 View Post
    Don't know if this is the appropriate place for this mini rant, but why not?

    I actually appreciate people who save otherwise serviceable bikes from the dump. And I appreciate people who check over the mechanicals, replace worn parts, clean bikes up, then look to make a profit off their labor. And I realize that there is nothing wrong, per se, with flipping.

    I actually saw the initial add and thought, that looks like, with a once over, maybe a tune up would make a nice commuter, or entry level bike for someone. Oddly enough, that same bike sat on CL for weeks until the seller dropped the price to $100. I know the original seller sold the bike Friday because I actually inquired about it, seller texted me back that he just sold the bike. No big deal, as an extra bike project is more a want than a need for me anyhow. Now the same bike is back up with a different seller for $250.

    So here is add A, posted Friday.
    http://milwaukee.craigslist.org/bik/4353697158.html
    Here is add B, posted this morning.
    http://milwaukee.craigslist.org/bik/4356249644.html

    So, I am not hopping mad, nor even disappointed I didn't rush out and get this bike, but mildly piqued.
    I don't understand why it would concern you in the least, you're not affected, it didn't personally cost you any money, and, unless someone is dumping bikes in your market driving the price down, which would affect you if you were a flipper in that particular market, it would seem to me that someone selling a bike for a higher-than-normal price could do nothing more than drive the prices of bikes in your market, up. It's a good thing, to me.

    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.

  22. #47
    Senior Member CrescentWrench's Avatar
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    Quote Originally Posted by mongol777 View Post
    I am occasional flipper - usually when deal is too good to pass. I try to keep the bikes I like but sometimes it does not work out and I sell them. I am only mad at other flippers when I miss the deal :-) For example this gorgeous Ritchey was posted for $50, ~1 hr drive away from me. I was first in line but could not make it the same day. Well known seller on local CL got it from under my nose for $175. Now it is on our CL for $475 - http://toronto.en.craigslist.ca/tor/bik/4358341353.html. From what I gather (I asked original seller) - he told him he is a collector and offered more. I asked the guy to txt me if anything changes (would have matched $175 offer for sure) but he either did not understand it or did not bother figuring $175 in hands today is better then waiting for tomorrow. Oh well - such is life, you miss some deals and get other
    I always thought this guy was a bike shop owner. He has a lot of nice stuff.

  23. #48
    Fat Guy on a Little Bike KonAaron Snake's Avatar
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    Quote Originally Posted by wrk101 View Post
    +10 Two times I felt sorry for the buyer and I held the bike. One was a college student. I had ten people that wanted the bike, but I turned them all down, waiting four days for the buyer to show up. He finally shows up, and immediately low balls me, offers me 50% of asking price. I just send him on his way and offer him good luck finding a deal.

    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.
    You're a man after my own heart Bill - I might have even gone up 10 as a schmuck tax.

    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.

  24. #49
    DRF aka Thrifty Bill wrk101's Avatar
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    The NC Mountains
    My Bikes
    Too many to list, all vintage
    Posts
    19,455
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    Aaron, you did it right. I should have raised the price. Classic.

  25. #50
    Senior Member
    Join Date
    Jun 2011
    Location
    Toronto, Ontario
    My Bikes
    Surly: Karate Monkey, 1x1, Moonlander, Krampus, Bertin, Masi Soulville, Cinelli Gazzetta, Falcon San Remo, Nishiki Superbe, Miyata SportCross, Rocky Mountain Sherpa
    Posts
    466
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    0 Thread(s)
    Quote Originally Posted by CrescentWrench View Post
    I always thought this guy was a bike shop owner. He has a lot of nice stuff.
    He does have lots of nice stuff and probably bike shop owner (he has lots of new bikes as well and often sells them just under msrp). But he also flips a lot of bikes - I think majority of "I am collector, pay cash" ads are his.

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