From the Boston Globe, we have Brenda J. Buote writing about : Speed dealing.
No, they're not talking about amphetamines; they're talking about auctions.
Harvey Goldberg, 53, of Rowley, has adopted a different philosophy. He's offering a "real estate deal like no other" on eBay, the popular online auction site. His ad invites potential buyers to buy his four-bedroom home with custom kitchen, basement media center, and "nifty new granite mailbox post" for $1.75 million -- more than double the appraised value.
"You will be helping not only pay off our mortgage and bills but also pay for my children's college educations and assisted living for my mother.... Does that not make you feel great???? Well if it does... we are ready to deal!" the ad states.
What rational buyer would care about your children's education, or your mom's living?
They would rationally examine the cash-flow, and put in a bid. And, why would anyone be so stupid as to pay twice the appraised value. Hell, while you're at it, why not ask for a billion dollars? You have the same probability of getting that as this one!
"We thought we were going to get kicked out of doing it, because it was tongue-in-cheek, but if someone offers the right price, my wife and I will absolutely sell it," Goldberg said. "Don't get me wrong; we love this house. But we love money more."
Delusional? or optimistic? You decide!
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