Comments on: The $1000 Countdown Auction http://www.condodomain.com/blog/the-1000-countdown-auction/ Condo Blog: Fixated on condominiums, luxury real estate, urban city centers, home-buyers and technology. Sat, 22 Nov 2008 04:15:39 +0000 http://wordpress.org/?v=2.5.1 By: p singh http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-230294 p singh Tue, 03 Jun 2008 22:35:12 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-230294 I think it's a very good marketing startgey. I don't know you guys are aware of something called closing the deal which is ultimately the sellers decision. If the seller is loosing by selling simple he is going to counter the offer. I think it’s a very good marketing startgey. I don’t know you guys are aware of something called closing the deal which is ultimately the sellers decision. If the seller is loosing by selling simple he is going to counter the offer.

]]> By: Anthony Longo http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-117406 Anthony Longo Fri, 14 Sep 2007 16:08:00 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-117406 Ha. Thx Mike. Got 2 calls into this pig ... I mean deal! Ha. Thx Mike. Got 2 calls into this pig … I mean deal!

]]> By: Mike Lowrey http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-117396 Mike Lowrey Fri, 14 Sep 2007 15:41:58 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-117396 Not surprised. This is a pig of a deal - oink! oink! oink! keep us posted condoman - doing a great job with the blog.... Not surprised. This is a pig of a deal - oink! oink! oink!

keep us posted condoman - doing a great job with the blog….

]]> By: Anthony Longo http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-116875 Anthony Longo Thu, 13 Sep 2007 12:29:08 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-116875 Nothing Yet. Ill check today! Nothing Yet. Ill check today!

]]> By: rich rosa http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-116690 rich rosa Thu, 13 Sep 2007 00:44:04 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-116690 Any update? Has the property sold? Any update? Has the property sold?

]]> By: Anthony Longo http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-113761 Anthony Longo Thu, 06 Sep 2007 16:52:29 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-113761 Its all marketing. We are following the story and will report back teh results...you may be right Mike. We will see. Its all marketing. We are following the story and will report back teh results…you may be right Mike. We will see.

]]> By: Mike Lowrey http://www.condodomain.com/blog/the-1000-countdown-auction/#comment-113130 Mike Lowrey Wed, 05 Sep 2007 09:42:50 +0000 http://condodomain.com/blog/the-1000-countdown-auction/#comment-113130 I'm not sure about this? It's an interesting idea that is sure to generate some exposure. However, it doesn't create any urgency - why buy something today if it will be cheaper tomorrow? I think it encourages people to wait - it's natural, you would wait and wait and probably even wait too long. Also, i don't really like the idea of the added bonus of a $10,000 theatre system if it sells within 10 days. On the 10th day the price will be 365,000 however, that includes a $10,000 home theatre system - then the next day the price will be 364,000 without the $10,000 bonus - so now it seems expensive compared to the day before. I would think if it doesn't sell in the first 10 days then it wouldn't sell in the next 10 either since you are taking out $10,000 of value - you just went from 10 days unsold to an automatic 20 days. interesting idea - but think little more than a gimmick to attrack some exposure - in the end would doubt that someone would pay the reducing offering price - more likely someone will submit a bid and the seller will hit the bid. I’m not sure about this? It’s an interesting idea that is sure to generate some exposure. However, it doesn’t create any urgency - why buy something today if it will be cheaper tomorrow? I think it encourages people to wait - it’s natural, you would wait and wait and probably even wait too long.

Also, i don’t really like the idea of the added bonus of a $10,000 theatre system if it sells within 10 days. On the 10th day the price will be 365,000 however, that includes a $10,000 home theatre system - then the next day the price will be 364,000 without the $10,000 bonus - so now it seems expensive compared to the day before. I would think if it doesn’t sell in the first 10 days then it wouldn’t sell in the next 10 either since you are taking out $10,000 of value - you just went from 10 days unsold to an automatic 20 days.

interesting idea - but think little more than a gimmick to attrack some exposure - in the end would doubt that someone would pay the reducing offering price - more likely someone will submit a bid and the seller will hit the bid.

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