Bought out of a Nasty Feud

[runningbear]

My xs1100 special runs great, needs some cosmetic work done, i have extra parts for it. But im willing to sell, $3500 firm. best way to contact me my phone : 989-954-2201. Ask for Doug. Location of the bike is Mt Pleasant Michigan. Will not deliver. Will ship if pay pal is used and shipping is payed for.

Cell Phone Pictures upon request.

[mfarrington]

Good luck . . .

I bought my XS special with 19K miles in pristine condition (i.e., no cosmetic defects at all) for $1,400. Good luck @ $3,500 . . .

[neJeff]

My xs1100 special runs great, needs some cosmetic work done, i have extra parts for it. But im willing to sell, $3500 firm. best way to contact me my phone : 989-954-2201. Ask for Doug. Location of the bike is Mt Pleasant Michigan. Will not deliver. Will ship if pay pal is used and shipping is payed for.

Cell Phone Pictures upon request.

LOL! $3500? Crazy Steve got's a completely rebuilt bike in like new condition for $1000 less! I bought my 80 Special 2 months ago for $700 in running condiiton. Where do people get these crazy ideas?

[DGXSER]

Why bash the person for asking what they want for the bike. Are you all frustrated because you want it for nothing, or what?

Granted it is a very high price, but reality what soemthing is worth requires two things, a dollar value that is at or above what it takes to let the current owner not want to own it anymore, and that value has to be at or less than the new owner is willing to pay for it. Until those two points become the same, no deal. So unless your the owner or the person who wants to own it, then your idea of its worth does not work into the deal.

Besides, if he sells his for that money, maybe it will make mine worth that much more.

[mfarrington]

DGXSER to the rescue!

Bro, thanks for the ECON 101. It's always good to have a refresher. However, you forgot STAT 101, which might tell us that statistically speaking, typically only Harley riders are willing to pay extremely over value. Perhaps our friend selling his $3,500 scooter should post on a Harley site? Just a thought . . .

[mfarrington]

and one other thing . . .

why do we only get cell phone pix? If I'm going to spend twice the price for a scoot, i should get to see some HD photos . . . maybe even a 3D video of it doing a sub 10 sec quarter mile!

[BA80]

I want it for free ...........................delivered.

Or I'm gonna be really frustrated.

[cywelchjr]

My main concern is that "needs some cosmetic work done" generally means it's in no better than B and maybe even C grade for NADA purposes, which puts it WAY out of the $3500 group. I wouldn't even consider a bike that the seller said they would provide cell phone pictures, since those typically are not good enough quality to tell the condition of a machine.

I forget who it was from Utah I believe that posted multiple pics of his beautiful chromed out bike. If I was looking for a beautiful custom bike and had the money, it would have been one worth going after, and he made a good case for it work plenty of good high quality photos, which is how you get potential buyers interested. If you really think it's worth $3500, then take the time to do a good photo shoot of the bike with some nice backgrounds to get people drooling over it. Otherwise, it's just another fixer upper, which are just not worth that kind of money, not when guys like crazy steve turn out the kind of work he does for what he's looking to get back out of it.

[geobiker]

Well Said

I agree with DGXSER. It is the owner's perogative to ask for the price he wants for the bike. Doesn't mean that he'll get it! After it sits for a while, one of three things will probably happen: He'll lower his asking price outright, he will be willing to negotiate a lower price with someone, or he'll decide that he doesn't really want to sell it!

My experience is that when someone puts something up for sale at a much higher price than it may be worth, they don't really want to sell it, for whatever reason!

[neJeff]

Why bash the person for asking what they want for the bike. Are you all frustrated because you want it for nothing, or what?

Granted it is a very high price, but reality what soemthing is worth requires two things, a dollar value that is at or above what it takes to let the current owner not want to own it anymore, and that value has to be at or less than the new owner is willing to pay for it. Until those two points become the same, no deal. So unless your the owner or the person who wants to own it, then your idea of its worth does not work into the deal.

Besides, if he sells his for that money, maybe it will make mine worth that much more.

No offense but if you really think his selling for more makes your's more valuable your living in a dreamland, I'm sure your kidding. The only thing that matters is what someone is willing to pay for any particular item. The marketplace generally decides or should I say guides / influences what one is willing to pay. My guess you can find the same bike or better for 1/2 what he wants for his. This is what makes his pricing out of line, not what I think of it.

[DGXSER]

Jeff, yes, I was kidding....mostly! interesting that you quoted back in slightly different terminology my exact point, its worth what someone else is willing to pay (and the seller is willing to accept).

In real estate they call them "comps", what did a similar item sell for in recent sales, for a guide of what you could expect to pay. But then, it happens every day that someone just falls in love with that house and they pay 20% or even %50 over the "comps" to get it.

I could list my mid 50's Harmony Stratotone guitar for $1500. Which would never appraise for such a dollar amount. But, maybe someone out there had a Stratotone and played in a band in the 60s with it and is dying to get one now? You can't go to any flea market or a local Sams Club and pick one up, so maybe to them $1500 is not a bad deal.

My point is, why tell this guy, in somewhat less obnoxious terms, he is an idiot and has no right to ask $3500 for his bike? If your right, and its overpriced, the market will tell him in its own time. Or maybe, just maybe, he will find that person dying to get an XS1100 from his youth and has $3500 to dispose of? If he listed it for your price, he might have lost out on $2500 or more. And then I can use his $3500 as a "comp" for a buyer interested in mine, should I ever decide to sell my beauty.

[mfarrington]

not sure why I'm enjoying this thread, but I am . . .

DGXSER:

"In real estate they call them "comps", what did a similar item sell for in recent sales, for a guide of what you could expect to pay. But then, it happens every day that someone just falls in love with that house and they pay 20% or even %50 over the "comps" to get it."

Man, I'd love to live in your housing market. I live in ATL, and we call people who pay 20-50% over comps "idiots." Official definition of idiot: A foolish or stupid person. Such people are so called because they demonstrate the inability to make a wise choice when presented with facts reasonable for conclusion. The choice to buy more house for less money is the choice a wise person in todays economy makes.

You seem to be overly sensitive in your defense of Runningbear. Yet, from an argument of silence, you doom a purchasor to be labeled "idiot" because, as just defined, only such a person would make a choice to spend $3,500 on an XS under the conditions Runningbear posted. And I don't know about your perceptions, but I've found most long term, multiple XS owner/members of this forum to be pretty darned savvy . . . And if you used his selling price as a comp for the purpose of fluffing the value of your (probably quite excellent) scooter, wouldn't you be sort of screwing the buyer?

Also addressing your defense, your guitar argument doesn't hold water. You use supply and demand as an argument, but there are plenty of excellent 11s around. And finally, you state "My point is, why tell this guy, in somewhat less obnoxious terms, he is an idiot and has no right to ask $3500 for his bike?"

Finally, no one called Runningbear an idiot. neJeff simply stated "Where do people get these crazy ideas?" I'm just thinking out loud here, but I'm thinking we value and appreciate crazy people here! Crazy Steve is one cool dude! DGXSER my friend, you are the one taking the offense, bro. You doing ok?

[neJeff]

Jeff, yes, I was kidding....mostly! interesting that you quoted back in slightly different terminology my exact point, its worth what someone else is willing to pay (and the seller is willing to accept).
)

Yes, that is basically what you said, what I'm saying there's not two things to consider just the one, what someone is willing to pay.

[neJeff]

Also addressing your defense, your guitar argument doesn't hold water. You use supply and demand as an argument, but there are plenty of excellent 11s around. And finally, you state "My point is, why tell this guy, in somewhat less obnoxious terms, he is an idiot and has no right to ask $3500 for his bike?"

Finally, no one called Runningbear an idiot. neJeff simply stated "Where do people get these crazy ideas?" I'm just thinking out loud here, but I'm thinking we value and appreciate crazy people here! Crazy Steve is one cool dude! DGXSER my friend, you are the one taking the offense, bro. You doing ok?

Thanks mfarrington, could not say it better myself. Never said he was an idiot in the first place, just that his pricing is suspect. I still want to know what he based his value on though? I don't know what a KBB or Nada book price would be on his bike but probably less than half what he is asking. Watch Ebay and you'll see plenty of these selling between $1000 and $1500 (and they all look better than mine ) and thats a decent cross section as they are all over the country

[CaptonZap]

I don't know what a KBB or Nada book price would be on his bike but probably less than half what he is asking.

<http://www.kbb.com/motorcycle/retail/>