So my dad has had a Volvo XC90 SUV for over decade now and was ready to part ways with it once he fell in love with the Acura MDX.
He’s the type of guy that doesn’t really put on too many miles and makes a conscious effort to take make sure the vehicle is serviced the way it’s supposed to.
Just like everyone else, he was intrigued with CARmax and their ability to make an all cash offer upon doing a quick vehicle inspection. Just when he was about to accept their offer, I told him to drop off the car at our office and that I’d handle the sale for him — Yup, you know where this story is already headed!
A week later, not only did we sell the Volvo $3,000 more than CARmax’s proposal, I was successful enough to get a buyer to purchase this vehicle ALL CASH over my listed price.
Those that have sold a vehicle understand that it’s not typical to sell a car “over” the asking price. In fact, many people usually beat you down doing all they can to get the best deal possible. Most headlines on ads read “obo” which means “or best offer” when trying to sell a car (meaning they would consider any offer below the asking price).
Not at Arbitrage baby!!
Though this wasn’t “real estate”, we still got it sold in:
- less than a week,
- over the asking price, and
- more than what others had predicted!
Notice the common trend here at Arbitrage?? Whether its a car or real estate, we apply the same sales technique when selling. This time it happened to be for my dad’s car.
Love you Dad!!!
; )
Albert
P.S. I don’t have a listing agreement for used cars as we only specialize in real estate! ; )