|
-
POSTING RULES

-
Donate yearly (please).
-
Advertise in here!
-
Today's Posts
|
Insert Pics
|

09-03-2019, 10:46 AM
|
|
|
|
Join Date: Mar 2009
Location: Plano, TX
Posts: 2,089
|
|
I have in the past been the bad seller (unintentionally). I was once selling a motorcycle (have sold a lot of motorcycles). I was contacted by a buyer and arranged a day/time for him to see the bike. In the meantime I was contacted by another buyer. I told him I already had someone coming. He was welcome to come after, but the bike may be sold by then, so we arranged a time an hour after the first buyer was set to arrive. Well, the first buyer was a good 45 minutes late and the second was 15 minutes early, so they arrived at the same time. At that point now I look like I am trying to play once against the other. I just took the first buyer aside and we talked, he ended up buying the bike. I still felt bad though.
__________________
Colin P.
RV-6A #20603
Complete 5/10/19
PP SEL / A&P
I donate every year on my B-Day (in Dec), but donated early in Sep'19.
|

09-03-2019, 11:07 AM
|
|
|
|
Join Date: Oct 2007
Location: El Paso, TX
Posts: 11
|
|
Sold my Tiger. First caller sent a purchase agreement. Had 10 other SOLID prospects with numbers 2-6 also sending purchase agreements in case #1 fell out (he almost did - needed a bank loan). I had complete scanned logs for everyone and a million photos (hint: pull the plane out in the sun and DON'T take photos in the hangar). Plane sold FAST even with the bank delay. As a miracle, not ONE tire kicker 
Last edited by rv7boy : 09-03-2019 at 01:10 PM.
Reason: Reference to VAF competitor.
|

09-03-2019, 11:40 AM
|
|
|
|
Join Date: Sep 2007
Location: Central IL
Posts: 5,516
|
|
Quote:
Originally Posted by f1rocket
The road is full of squashed squirrels who couldn?t make up their mind. Don?t be the squirrel.
|
Perfect, worthy of an inspirational poster.
Quote:
Originally Posted by f1rocket
I have a contract that I make all potential buyers sign. The deposit ($5k) is fully refundable if I sell it to someone else but I give them the right of first refusal to match any offer. Some will sign and some won?t. My buyer one didn?t want to sign anything before seeing the airplane.
|
Then you should not feel bad, he truly had a chance and assumed the risk.
__________________
Bill
RV-7
Lord Kelvin:
“I often say that when you can measure what you are speaking about,
and express it in numbers, you know something about it; but when you
cannot measure it, when you cannot express it in numbers, your knowledge
is of a meager and unsatisfactory kind.”
|

09-03-2019, 01:14 PM
|
 |
|
|
Join Date: Jun 2011
Location: Houston, TX
Posts: 405
|
|
Sticky, I hope
Reading this thread with great interest. I hope it earns a Sticky.
I may be shopping soon, and have not been buying and selling vehicles as a career, sideline business, or hobby like a few in this thread self-report. Thanks for sharing perspectives from both sides of the transactions.
We?re fortunate to be operating (at least within the US) with free long distance calls, email and texting to share pictures and documents in seconds, etc. Seems like taking the time to share clear expectations and eventually agree on those expectations is critical.
I hope that people I deal with will take the time to discuss expectations.
Carl
..
__________________
flytoday
RV7A - purchased flying 05/2020
RV6A - purchased flying 07/2011
..
|

09-03-2019, 02:38 PM
|
 |
|
|
Join Date: Sep 2011
Location: Edgewater, FL. KSFB
Posts: 1,118
|
|
In my late teens I had a boss that used to say ?Cash talks and bull walks?.
If you are a serious buyer then you need to be ready to move quick. Not schedule a flight a week later.
I had a short discussion about selling my plane before my wife told me not to.
Buyers first question over the phone before seeing the plane was ? What is your bottom dollar??
I pulled the plane from the sale as that one irritates me.
|

09-03-2019, 02:41 PM
|
 |
|
|
Join Date: Jan 2016
Location: Richmond VA, USA
Posts: 456
|
|
My take
His fault.
A prospective buyer should and must assume that an item remains for sale unless and until that prospective buyer locks it up somehow (usually by paying something for a time-limited option to buy, sometimes just by agreement, etc. etc.).
You could have offered such a transaction, but you can't be blamed for failing to do so.
I may be biased. I once got in ahead of a potential buyer who was traveling to look at a -9A. Which is now mine.
Quote:
Originally Posted by f1rocket
Here?s my reasoning. With no deposit, I had no way of knowing whether buyer one would show up or if he did, buy the airplane. However, if I would have asked for a deposit, buyer one probably would have sent me one. I?ve never been able to figure out if it was his fault for not putting a deposit down or my fault for not asking him for one.
Your thoughts?
|
__________________
N929JA, 2007 RV-9A
Based W96: New Kent International Aerodrome
(near Richmond, VA USA)
2020 Dues Paid
|

09-03-2019, 07:41 PM
|
 |
|
|
Join Date: Dec 2012
Location: Brooksville, MS
Posts: 745
|
|
Just a few of my sells along the way
It can be tough sifting through the fast talkers and even tiring.
Had a nice boat advertised this spring. guy calls and is very interested seems to be serious and at the time I really think he was but he could not get off work to come look at it. I made the mistake of holding it for him. Many many calls came in with others wanting to buy but I kept telling them a guy spoke for it. long time later 1st caller backed out didn't even show up. All the other callers had found a different boat and moved on........had to search out new potential buyers again because all the current buyers were familiar with the add and thought it was not available.
Sold the RV-4 to a guy who sent me the money for the trip to fly it to his state, took him on a ride in it and he handed me some cash and some Canadian 1 oz gold leaf coins and I was on the way. never even took the cowling off.
Advertised one of the RV-10's got a bunch a calls but no promises. One guy wanted to secure it so I told him I would sell him the option to buy it for $1000 non-refundable up to 10 days but applied to the sale if he purchased. He sent the $1000 I waited a week for him to arrange looking at it and a pre buy. Pre buy was completed and he backed out. I kept the $1000 for holding the plane. Next buyer comes along did the same, sent $1000 to hold it for him non re fundable but he called the same pre buy inspector, inspector sold him the information from the previous pre-buy so buyer just came over and picked up the airplane, his $1000 deposit was applied to the sale.
Pretty much did the same thing on the Carbon Cub and worked fine but first depositor bought it did his own inspection by calling a reputable CC guy on the phone and walked him through it. I did find that some callers balked and walked away when I asked for a non refundable deposit......what security is a "refundable" deposit anyway?????
__________________
Weasel
RV-4 715hr Sold 
RV-10 "School Bus" -   +1600hr counting
Fisher Classic Cassler Power VW sold
RV-10 N7631T 820hr Sold
RV-8 700+hrs
Carbon Cub 200 hr Sold
One-Off Super Cub 100 hr
SERFI AWARDS
http://weaselrv10.blogspot.com/
|

09-03-2019, 08:36 PM
|
|
|
|
Join Date: Jul 2009
Location: Indiana
Posts: 216
|
|
One thing I am realizing here is that most of the people posting on this thread are dealing with meticulously manufactured and maintained equipment, that may very well be the top 5% of all examples.
The reality that I see when shopping for high end motorized vehicles is that there are a lot more $100,000 RV7?s that are worth about $70,000 given the issues with them, than there are $100,000 RV7?s that are worth $102,500.
What I mean is that when you start shopping as a buyer it can get real frustrating sorting through all the examples for sale because every RV7 seller believes his should be advertised for $100,000. I use the model and specific price only as an example. It holds true, in my experience, across old European cars, airplanes, wooden boats, etc.
When I used to deal in 70?s Porsche?s I would always have the local Porsche shop conduct a thorough inspection and provide that to any prospective buyers at first contact. Kind of like having Vic Syracuse perform an annual and document it for the buyers, in RV speak. That would probably weed out a lot of low ballers and tire kickers, while solidifying your perceived value.
__________________
RV7a (converting to TW and then ready to install the engine and panel)
1946 Cessna 140 (currently flying)
1946 Piper J3 Cub (stripped for restoration)
Exempt on multiple counts - donated double because this site is worth it!
|

09-03-2019, 08:59 PM
|
|
|
|
Join Date: Aug 2011
Location: Jeffersonville, IN
Posts: 393
|
|
Quote:
Originally Posted by meloosifah
When I used to deal in 70?s Porsche?s I would always have the local Porsche shop conduct a thorough inspection and provide that to any prospective buyers at first contact. Kind of like having Vic Syracuse perform an annual and document it for the buyers, in RV speak. That would probably weed out a lot of low ballers and tire kickers, while solidifying your perceived value.
|
I have bought several houses and sold 1. What a pain in the a$$ to sell a house. This is the exact thing I plan to do the next time I sell a house, have an inspection done that is part of the package they sign when making an offer. Anything in the inspection already stated must be stated in offer if they want fixed or not. I was strung out more than once for months at a time, to only have them come back wanting a whole list of things done. In particular this was a house that was vacant, so I was paying utilities, mortgage for months.
I would imagine the same thing would be helpful in the airplane sales and as a buyer would surely make me feel more comfortable also.
__________________
Jeff Scott
RV9A First Flight 9/30/19
|

09-03-2019, 11:09 PM
|
 |
Forum Peruser
|
|
Join Date: Jan 2005
Location: Austinville, Alabama
Posts: 2,458
|
|
I got burned on a car sale one time by agreeing to hold the car for a deposit. When the buyer could not arrange financing she came back with her tale of woe and a request for a refund of her deposit. After that experience, I accept no deposits. It?s ?whoever shows up first with the money.?
__________________
Don Hull
RV-7 Wings
KDCU Pryor Field
Pilots'n Paws Pilot
N79599/ADS-B In and Out...and I like it!
?Certainly, travel is more than the seeing of sights;
it is a change that goes on, deep and permanent, in the ideas of living." Miriam Beard
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 02:15 AM.
|