Reasonable price for Class 5 sim ?

Hi all,

I know the definition of reasonable varies from zero to obscene, but if you bought a Class 5 sim for $1675 USD (as I did), what would you consider a reasonable selling price to be ?

I know it's now under $1000 USD, since the new Land Store will be coming online soon.

Thank you in advance for your serious answers.

Steve

under 700, taking the first month rent payment into account, but that depends on date you sell, then the value is lessen further by the 100 for the transfer fee.

I have no idea the value, but like most things the value would be in the business, culture, tenents that have been built up in the SIM. Are you planning to sell a blank canvas such as SIM delivered from 2L labs? The value would be equal or a bit lower (transfer fees) than a blank sim from the Lindens.

I am not picking on Desmond, but he is a perfect example of my point. If Desmond offered one of his SIMs for sale, there would be a huge list of buyers and I am sure he could command any price he desired. Which has nothing to do with the price he paid for the empty SIM to start with. That is where you will find the value.

IMHO - "CX"

It depends upon what you've got going on there Steve. A blank sim is going to be 1000 - when tier is due calculation. Then there's the transfer fee to take into account and second hand nature of the beast plus LL randomly and at any given time cutting prices by 40% future proofing factor to take into account.

Around $600 tops I'd say. However take into account that some of these factors meant a blank sim was never going to sell for 1675 either.

However you can play it cute and sell inworld to a European, that's a VAT saving for the European, which again changes the figures somewhat.

I would have asked a few other Island owners or landlords privately. If you are planning to continue your sim rental business, this thread would not instill a lot of confidence in me as a potential renter.

Isn't the answer _always_ "it depends on the value you've added"?

It's a buyer's market and what they perceive as value.

True but the answer still always depends on the value you've added. No?

I guess I'm just repeating what ConductorX said above but being less clear about it. Time for more coffee, I think.

Speaking of buyer's market, could the mainland be any more yellow?

No it's very true but measuring value isn't easy. I also feel whenever I read a complaint of a new landlord booting everyone out that too many buyer's don't actually bother to value an island above the base fact of it being an island. However they should, so what you say does hold true.

Indeed, seems to have been a bit of panic spread in light of last week's announcement but prices seem to be stabilising. There are some bargain plots out there, which if I hadn't decided to tier down a bit I'd have snapped up, but I've changed my risk strategy a little.

The value of a blank, resident-free sim to the buyer is going to be $705 + whatever tier value is left, assuming the transfer can take place immediately. If the new land store works as quickly as advertised, you'll also have to take transfer time into account. If LL is taking a week or two to transfer a sim but selling them instantly, you'll have to drop your price even further. If you could build out your sim and stock it with rental residents so that it was cash positive for a new buyer, you may be able to get a premium. The other factor that may get you a premium from the right buyer is if your sim has a highly desirable name, but you'd really need to find the right buyer.

What you paid has zero bearing on what it's worth on the market. The market determines value, and doesn't care what you paid. What % discount did used sims have before the drop? That % is probably a good place to start.

That's a really good question Steve and I honestly don't know the answer.

Sold as 'new region' or as part of your estate, with residents on it generating income? Huge difference, I know you've got some nice real estate there.

* * * * *

Referring to ConductorX's comment - I don't plan to sell any of my regions because, well, they are $L-positive and it wouldn't be a smart move.

I'm not sure the residents would put up with me selling a region off like that, either, unless there were extremely extenuating circumstances.

Well Steve as long as you are not planning to sell the island I rent on from under my ass, I can give some input

New users pay 1000 dollar, I guess tier is still included. Makes 705 for the sim. With you selling, I guess there is a 100 dollar fee, making 605 the price to break even with "new" sims.

So every dollar above 600 is for extra's. Landscaping maybe, but even more exisitng rentals. On the other hand, if the Island pays for itself, who would sell it So as said before, its all in added value. Without added value, 600 at most.

Greetings Marcel

Unless I'm mistaken, LL takes the transfer fee from the seller, or takes it out of what the buyer is paying the seller. The seller would be paying 705 for your example, but Steve would be getting 605.

With the new Land Store promising quick delivery of new Islands, people would have no reason to buy a used Island at all unless there was some added value already rezzed or terraformed.

I'd take one for $500.

just because we're paying VAT doesnt mean we're DUMB

What is reasonable? I think that whatever a "new" sim would cost.
What is it worth? Everypenny you can get for it. Quick sale, already teraformed, planted, perceived value, all can add up to more.

last one out, get the lights

It's too much! Keep looking!

Well saving money is never dumb a $1000 island costs me 1175 if I buy it from Linden Lab, if I buy inworld I do not have to pay VAT

I am NOT selling any islands. I'm sorry that impression was given, and my ad I had out has been cancelled. All my tenants are safe. Things are stable, etc.

Sigh. Live and learn. Next time I'll talk to Desmond privately.

Any time Steve - I hope my response didn't further add to the confusion. I know you run a class act there, and I couldn't image you just setting it aside.

You've still got my email (or at least, I've still got yours) so if I can help I shall.

Oddly enough though I've never sold a region, or got one from anyone other than our service provider, so I'm kind of a babe in the woods with regard to region resale. But a babe in the woods that never lost his shirt to a scammer either.

I *have* acted as broker by holding serious amounts of $L in escrow for people trading regions - a service I *never* advertised (or cashed in on) - but that's now not necessary with the Company doing it.

Kinda freaky having large fractions of a million $L on ya that isn't technically yours... gave me the willies until the escrow closed!