Flipping bikes in a college town
Or maybe it is just Boston.
I have been trying to clear out my basement of so-so (and some fairly
ones) bikes that I haven't gotten working quite right. I fix them up fairly
slowly and then post them on CL at what I consider a reasonable price. Not
enough to really cover my effort, but the price is lower then the other flippers.
Anyway, there seems to me to be a bit of an air of desperation on some
of the people replying to my ads. I posted a Trek Multi-Track today and
I got 4-5 responses. It is a nice bike, but nothing special. The last responsor
replied - after I told him I think it is sold - said "I have cash in my hands".
As I said my price isn't high so I keep the bikes moving out (I have 7 more
to go), but it is not real competitive with Walmart and Target either.
Anyway, I am just a bit puzzled. I am sure someone will pipe up and
say I should raise my prices. The bikes just aren't that great. And I have gotten
a few people who want to barter me down - haven't had to drop my price
yet (save for one really poor department store bike). The ads says "Ready
to ride". I have seen more then a few ads at higher prices and things
like "needs new tires" or something.