Buying and Selling Land

it is a 7 day rule and it is now enforced fully.

no its a split rule.

Land that is actually owned by you and claimed through the in world system is 24 hours.

Land that is bought at auction is given 7 days aparantly.

I really don't see a reason for this little hiccup.. and it should probably be addressed. After all there is no 'legit' reason to leave your land unclaimed... its solely an attempt to game the system

once you claim your land from the auctions, you have 24 hours accept your tier.
the difference is due to the mechanics of the game.

on the auctions you have bought the right to purchase the land for the agreed price within 7 days. the land is set to you but is owned by the governor. it is when you go in world and buy it that it us under your tier, very similar to buying from another player.

keeping this distinction is very important for more casual players.

in world sales are RT and if you aren't around to see the deal you wanted too bad. auctions allow a player to scope out new land for weeks to find thier prospective land and to consider what it is worth to them. then they can place a proxy bid well in advance and are still able to acquire thier land when they finally have the oppurtunity get back to thier computer.

other players would like to buy land on the auction but do not want to sell their old land until they are certain they have won the auction. 7 days is ample time for somebody to sell their land on the inworld market.

i wouldn't change this system. it would hurt regular players much more than land speculators.

I agree!

Like I said money was taken out of my account immediatly. Why isn't it taken out immediatly when its in L$. I think it should be the same.

7 days to purchase, why? Either the person bidding on the land has the us$ or the l$ if they don't then they shouldn't be bidding. Plain and simple they are either;

1) gaming the system trying to get out of additional land tier fees.
or
2) dont have the money for the land they bid on.

Either way I don't like that those who pay in cash are held to a different standard. How hard would it realy be to remove the L$ from the winners account. LL has no problem taking out $30 for a parcel listing fee. I don't see the reasoning behind these actions.

I don't want LL to wait a week to take the cash from me. I don't bid unless I have the money.

I want them to hold L$ to the same standard they hold ppl paying cash as.

Cat

all auction wins are charged immediately. the L$ fee is taken from your avatar immediately just as the USD transaction on your credit card. in both cases you recieve 7 days to pick up the land in world.

Stop to sell land barons in boxes already!

Taken out immediatly even for l$ good.

Ya certainly wouldn't think so looking at the land that hasnt been picked up yet. Alright thats settled, good. Now lets do away with the 7 day rule shall we.

Cath

Seems to me that a lot of this topic revolves around land speculation. One approach might not be to change the mechanics of buying land any different (as someone who doesn't log in every day, the 7-day rule for pickup doesn't seem unreasonable to me), but to make the mechanics of reselling land different. For example, make land bought at auction unsellable for at least 30 days (since you're going to pay for it in the monthly fee anyway), or some length of time proportional to the size of the plot, to discourage buy/markup/sell as a way to make money.

I've been slowing buying up plots around my main one in Europa as they come up for sale at prices I'm willing to buy. I'm now up to 1/4 of the sim, but I'm very patient, and I'm not doing it to resell land. Anyone looking for a quick turnaround profit shouldn't look my way .

--Arashiko

Whats wrong with the 7 day rule???
It helps people manage their tiers better. Seems perfectly reasonable to me.

The problem with it is there is a discrepancy. Why should people who buy land in world only have 24 hours to tier up, but people in auctions get 7 days? There should be consistency.

land bought on auctions is different from land bought in world. the system of buying is different and so the rules are different.

when you buy land inworld, presumably, you had access to your computer and the internet at the time. when you won the auction with a proxy bid you could be indisposed.

Thus you need 7 times as long? 24 hours should be sufficient in either case.

Dont understand why it bothers you???????

hes run out of things to complain about =P

on is in world. the other is auction. they are different ways for ALL players to buy land. the rules that govern are applied to ALL players.

i've posted a good reason here. perhaps you should tell us why this is not desirable.

I think that the 7 day rule only helps those trying to manage their tier. Which I feel is just an avoidance to pay ones bills. Trying to avoid paying more per month. I also think its in the best interest of LL, business side to do away with it. After all its just costing them money and stopping other ppl from buying the land they want for up to 7 days.

If I couldn't log into the game for 7 days then I would also be away from any computer If ppl know that they cannot accept land then dont bid on it.

I am old school in the respect that things should be cut and dry one way or the other. All these loop holes in the current system remind me that locks are only to keep honest ppl honest.

We found a loop hole here, it should be one way or the other. You buy land in world or auction you should be charged both $ or L$ and the correct land tier fees immediatly. Those who are against this are just trying to game the current system, period.

Cath

Auctions benefit Linden Labs directly. Inworld purchases are usually private and have only an indirect benefit to LL, if that. LL will accomodate the customer because it's good business, and LL recognizes the reality of cycling credit card debts among a client base that does not usually have a whole lot of money. Hence, 7 days. LL's key interest with inworld purchases is to maintain "order" between residents with minimal controls. Hence, 24 hours.

Understand these rules in terms of how they may benefit LL -- which, of course, is LL's right, to a point.



ed. to add one word

The seven-day "pick your land won in auction rule" should be changed to 24 hours.

There is a chance of tier manipulation -- which we have already seen and discussed to no end.

The withholding of that land could and has inflated land prices.

The people wanting to purchase that land from the land barons are left in limbo for six to seven days while other land is moved, sold and switched around.

If you are selling land in SL, it is a business. Be prepared for the immediate and incurred land tier costs that are associated with it.

Picking up and tiering up for auction land is absolutely no different from purchasing land in game. It should be 24-hours, if you are out of town during that time; then send an email to the Linden's and let them deal with the issue on a case by case basis -- but I'm betting that there would be *one* or *two* of those cases per year.

If a business owner wants a chunk of land, and he purchases it from a "real estate agent" of SL -- he has 24-hour to tier up. That 24-hour period immediately affects *his* profit margin and start-up costs -- why should the delay in tiering up be beneficial (in not claiming auction land) for seven days?

There is no difference in "winning land in an auction" and purchasing it outright while in world. 24-hours is enough time for anyone to claim their land and tier up.

Think of it this way -- how about all those individuals who held land for one minute in helping a friend do a land swap and got hit with the $75 per month tier increase? How about the newbie who purchased a bit of land and (god forbid) didn't understand the tiering costs involved? In each instance, *they were charged* immediately for the highest tier that month. There was no grace period for them.

"I'd really like to purchase that half-sim from you, but could you put it in my name, hold it for me for seven days -- and IF I don't change my mind during that time frame about purchasing it -- I'll pick it up, and *oh by the way* -- disregard any other interested parties who might like to purchase that land and use it."

That about sums up the seven-day grace period.

There should be a 24-hour pick-up threshold on all land. The seven-day grace period for picking up the land and/or having the winner declared in default is being manipulated, and has been extremely unfair to those in-world who purchase land from realtors. If the land is not claimed in 24-hours (special exceptions) -- then it goes immediately back into the auction, with the winner taking the penalty fee for not claiming it in a reasonable timeframe.

Business or game -- it's quite simple. Play by the rules and not by the loopholes.

i was *given* some land by a friend leaving the game just a couple of days ago... unfortunately it put me over tier by about *THIRTY MINUTES* to claim it at the nth hour before it got dropped or given back to the governor.

That thirty minutes cost me $70 personally as it pushed me to the $195 tier for the month of october.

I have no idea how jauani can even *THINK* about justifying why she gets 7 days and the world who gets land in game, rather than at auction, doesn't. ooh wait shes going to use the basic 'what if we went on vacation' excuse. heres an idea... don't buy auction land when yer on vacation.. i certainly wouldn't buy in game land the hour before i left on mine.

rofl, again we come back to the idea that 'if you want to make money in SL, be prepared to be hit with all sorts of fees and charges that don't even exist today because the average player hates you and every capitalist thing you stand for"

Again i reiterate that a change like this would just hurt the people that arn't able to claim their land immidiately but nevertheless WERE able to scout a plot they very much loved. On the other hand land barons OFTEN have to change their tier regardless of an auction buy and many times (as anshe pointed out with a personal example above) they have to pay a monthly tier fee for the use of days anyways. All your saying is that these day charges be the norm rather than the exeption and i don't see any logic at all behind that other than either misguided jealousy (ie as eltee pointed out being 'burned' by the discrepancy) or ignorance (ie thinking that it is a loophole rather than a feature accessable by all).

dek i just don't see the fairness in the system where new players, and those who are helping friends get one 'standard' as far as tier timing. Land speculators who buy at auction get another, 7x more generous timing system.

Either both should be 7 days, or both should be 24 hours. I honestly don't care which, i just don't like seeing aspects of a system that are blatently used for the personal gain of a very specific group and all too often end up hurtin the rest of the people in the system.

If you're saying you don't abuse it, then by all means, when you buy land at auction claim it within 24 hours. But to call pointing out an obvious dichotomy within a game-system jealousy exhibits nothing so much as a defensive mindset lashing out with a rather specuous grasp of the english language.

Well, in general i do claim my land within 24 hours, mostly due to my own eagerness to start building =P. However, I have left land (very large amounts) ready for pickup for nearly 5-6 days. As a large land holder two things can be said about tier balancing: 1) when trading (rather than just owning) large amounts of land it is much more difficult to stay within your tier as you are continually purchasing, making it much more likely you will go over on any given auction day and 2) by being a large landowner your tier doesn't even allow you the option of a 70 dollar up in charge as you might have gotten because instead you MUST up by a sim. How would you have liked to pay 195 extra instead? A Land Baron will and has to in the same situation. 3) large land holders are paying much more for their land, and the tier fees become a smaller and smaller percentage of their capital investment; If i noticed that i would go over my tier purchasing a 65536m2 sim by 302m2 I might think very carefully about whether or not i should purchase it at all. If i dont then that is several thousand less USD that LL has recieved from me as a customer; If i do likely the markup will be even higher to cover the extra cost. Yes, there is likely another bidder that also wants it and isn't constrained at the moment by his/her tier, but had the first person bought it the second likely would have bought another leading me to question whether LL would sell as much land overall as people became more conservative.

Lynn; This is the best post I have read in a very long time. I absolutly agree with everything you said!

Cat

You can believe this; "Land brokers are making a profit." Your seriously concerned with them having to tier up? Some claim they own 10sims woth of land. I say "boo fricken hoo" to them. So their bid costs them an extra 100$ per month. Well I guess they shouldn't be in land business if they cant afford the costs of doing business.

The only ppl the 7 day rule benifits is those trying to game the system the rest of us can afford our purchases immediatly.

Catherine; You make my point for me. Land traders do profit and will continue to do so. So even if they do purchase the land and pay their 195 dollars for the hour you will still pay rather than them. The markup on a sim to earn an extra 200 dollars is ~.7L$/m2. Are you asking for higher land prices now? =P