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Avion Raymaker
Palacio del Emperador!
Join date: 18 Jun 2007
Posts: 980
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03-07-2008 08:25
I'm very enthused about this. It gives me great peace of mind in feeling that my island is now a slightly more liquid asset. It also makes the prospect of buying a "used" sim much more attractive. I haven't seen a peep about this anywhere on the forums, so I thought I'd share it, and see if anyone else is as happy about it as I am: From: from the Knowledge Base
Changes to the Private Region (Island) Transfer Process
Linden Lab hasn’t traditionally been involved in Resident-to-Resident transfers of private regions (islands) other than to action the transfer itself upon receiving permission from the buyer and seller. This has meant that Residents have had to arrange any payments privately between themselves, and this has proven to be problematic at times.
For new transfer requests submitted on or after Monday 10th March 2008, we will be enabling the buyer in an island transfer to pay the seller through their Second Life account. This will be our default transfer process.
So how will this work?
Both buyer and seller will create support tickets, via the Support Portal, that detail the region to be transferred and the value they have agreed upon. This value can be in either U.S. Dollars (USD) or Linden Dollars (L$). Both sides will also have to confirm other details about the region being transferred.
If both tickets match (that is, they state the same details and value), we will charge the buyer through their Second Life account, either in USD or L$ as specified in the tickets. Once the charge has been successful, we will credit the seller the same amount minus the transfer fee that we normally charge. The transfer of the region will then go ahead as usual.
The island transfer fee, always payable by the seller, is USD $100 (or L$28000 for L$ transfers).
This does mean that buyers will have to have valid payment information on file with us (or have the necessary account credit in USD or L$). The Increase Your Credit link on your account page can be used to add USD credit to an account.
If buyers use PayPal as their payment method, they will need to have their PayPal agreement set to a high enough limit (by default PayPal limits are relatively low).
If the buyer’s payment fails for any reason, then the transfer will be cancelled and no action will be taken. Both Second Life accounts must also be in good standing (not delinquent) for the transfer to take place.
We hope that this will make the process of transferring islands quicker, safer and more reliable for both buyers and sellers. If you have any questions, please contact the Concierge team.
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Atashi Toshihiko
Frequently Befuddled
Join date: 7 Dec 2006
Posts: 1,423
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03-07-2008 08:38
I saw that and it looks good -- for the first time, I might consider buying a region second-hand. The price would still have to be competitive though.
Maybe I'm to 'cheap' but buying an island direct from LL for $1675 + first month island fee included is what the 2nd hand islands are competing against... a second hand class-5 island is worth no more than say $1400 to me, using this new LL-based transfer method. (Using paypal or some other method, I'd not have gone over $1000, due to the added risk.)
I don't really know if my thoughts are out of line on this or not, as I've never really been involved in buying 2nd-hand islands before, but I just can't see paying close to the same price for an island when you could get it 'direct from the manufacturer' without any potential resident-to-resident hassles.
Mind you I'm only thinking about 'bare, empty' regions, not buying an established busines (i.e. a fully rented sim where you've got the existing income and existing residents to deal with). I appreciate that an established business might have more value than just the bare empty region.
Anyhow, all in all I think this is a very good, positive, and overdue move by LL.
-Atashi
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Visit Atashi's Art and Oddities Store and the Waikiti Motor Works at beautiful Waikiti.
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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03-07-2008 08:52
about damn time
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poopmaster Oh
The Best Person On Earth
Join date: 9 Mar 2007
Posts: 917
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03-07-2008 11:05
i saw it.
it was posted on the blog.
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InSL u find every kind of no-life retard you could possibly imagine as well as a few even Tim Burton couldnt imagine u find 12yr-olds claiming to be 40 men claiming 2 be women, women claiming 2 make sense and every1 claiming 2 have ideas that are actually worth a damn if only someone would just listen to their unique innovative and exceptionally important idea
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ConductorX Nieuport
NO LONGER RELEVANT
Join date: 29 Nov 2007
Posts: 86
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03-07-2008 11:13
This opens new ideas to me. I would never consider buying a "used" SIM. Simply because of the trust issues.
"CX"
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Avion Raymaker
Palacio del Emperador!
Join date: 18 Jun 2007
Posts: 980
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03-07-2008 11:16
From: poopmaster Oh i saw it.
it was posted on the blog. I thought I may have missed it on a blog post. I'm just surprised no one in here has seemed to notice or care about a fundamental change like this, when we'll go on for 18 pages talking about how some people's choice of clothing or jewelry somehow offends us. |
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Shirley Marquez
Ethical SLut
Join date: 28 Oct 2005
Posts: 788
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03-07-2008 11:57
From: Avion Raymaker I thought I may have missed it on a blog post. I'm just surprised no one in here has seemed to notice or care about a fundamental change like this, when we'll go on for 18 pages talking about how some people's choice of clothing or jewelry somehow offends us. Perhaps because relatively few of us are even in the market for an island at all. This new procedure does appear to make the process a lot safer, which is a good thing. From: Atashi Toshihiko Maybe I'm to 'cheap' but buying an island direct from LL for $1675 + first month island fee included is what the 2nd hand islands are competing against... a second hand class-5 island is worth no more than say $1400 to me, using this new LL-based transfer method. If you are just buying the secondhand island to clear, terraform, and start over, true; there is no reason to buy a used island that costs more than a new one. If you are buying an island with an established reputation and businesses and those things are included in the sale, it might be worth more. |
