Quote:
Originally Posted by Electra
If you're a buyer though obviously YOU see potential in the sites you buy..else you wouldn't bother..so they must still have that potential whoever owns them..no? People
want to sell for all sorts of reasons but if someone offers to buy something I would probably
think they are seeing a way to capitalize on it that I haven't seen and I would have a really good look at what else could be done with that site.
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i've looked at quite a few deals and only bitten on a couple. rght now here's what i'll buy given state of the industry...i'm after something someone is wanting to exit, that is broken and declining and they lack the time, inclination or resources to fix it.
what i'm looking at it is first off do i think i can rehab it to turn it around or at least stabilize it or otherwise reap something from it i can use with my other sites? and second thing is whether the price is reasonable.
i wont say i will only bite on a fire sale. but the guys who are overvaluing their stuff like it's still 1999 can keep stepping. come back at me in 3 months, and it'll likely be worth A LOT less, and I may have already filled whatever gap i was planning on using their stuff for.
bottom line it's a buyers market. there's a ton more sellers than buyers right now.