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gabyperu
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Woman sells small town on eBay

submitted on April 22, 2010 by gabyperu in "Member's Lounge"
One can buy all manner of items on eBay: clothes, cars, jewelry, furniture. Even towns. Wauconda, Wash., is the most recent town to be sold on the auction site.
A woman who attempted to sell a Washington mountain town on eBay said the top five bidders all backed out but a couple stepped in to pick up the $360,000 tab. Daphne Fletcher, 42, figures she'll walk away with about $40,000 for all those hours of labor.
http://www.postchronicle.com/n.....7268.shtml
 

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  • 59983
    YanBz
    admin
    Posted by YanBz on April 23, 2010
    [reply] 3 0
    I don't understand what it means "she'll walk away with about $40,000 for all those hours of labor". Didn't she sell it for $360,000?
      60025
    • HouTex
      admin
      Posted by HouTex on April 23, 2010
      [reply] 4 0
      Maybe she's only the agent, or there is an outstanding loan to be paid. Otherwise, it doesn't make sense to me, either. The eBay fees aren't that high. The problem is that the short article didn't give enough information.
    • 60063
    • HouTex
      admin
      Posted by HouTex on April 23, 2010
      [reply] 3 0
      I found some more information about the seller and the buyers at http://seattletimes.nwsource.c.....le19m.html . The story just gets more strange.

      Seller - Daphne Fletcher, 42 — who once was homeless — sold the place for $360,000. She bought the 4-acre property in 2007 for $180,810.

      Buyers - Maddie and Neal Love, respectively 48 and 50, of Bothell, put down 5 percent earnest money last Monday. They are enthusiastic riders of Harley-Davidsons, had ridden by the town in previous years, and loved its charm. The Loves are both unemployed and are selling their home and all their possessions to buy the town and move there. The deal is expected to close in six weeks.

      It's not like Fletcher will walk away with a huge profit. After all the improvements to the property, paid for in part by a loan from her mom, Fletcher figures she'll walk away with about $40,000 for all those hours of labor.
  • 60010
    moneyhoodblog
    beginner
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    Posted by moneyhoodblog on April 23, 2010
    [reply] 6 0
    It's probably all the ebay fees...
  • 60072
    tammy987
    professor
    5 1 1
    Posted by tammy987 on April 23, 2010
    [reply] 5 0
    Strange story. Although, I liked the part where the little boy tried to buy it for his parents as a "surprise". Big Grin

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