Friday, December 22, 2006

Disinterested Buyer, Pt 2

This is a follow-on idea to one of my morally bankrupt business plans, but probably legal and not really unethical. This proposed mechanism would only work in a buyer's market, but given the world of hurt real estate is in these days, I think it might just work.

Instead of the buyer making a bid on a property, a buyer instead requests the seller to make a proposal. This process mirrors long-standing standard corporate and government practices. In order for this to really work, you would have to provide the seller a list of "comparables" currently on the market, and indicate that you are soliciting proposals for all of them.

I'm not sure it would work, but I am thinking about trying it...


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