Buying And Selling of Properties

[memphisraines]

Earlier today I was involved in the buying of a property that I had won at auction. Unbeknownst to me as this was my first time dealing in property in Argo, I was expecting to pay the current owner my bid amount and in return receive ownership of the business as this made perfect sense to me. The owner took my bid money and took off telling me to /purchase which didn't work because I didn't have the full V amount. That led to reports and admin involvement and eventually my money was returned due to this apparent "misunderstanding". That's not the issue. The issue is that I find it hard, very hard to wrap my head around the idea that I would pay someone x amount of money then still have to pay the full purchase price of the business. I mean it makes no logical or business sense. Why would I pay John Smith $250,000, then he makes the business available for purchase (and gets the money from the server value as well) and I have to pay another $430,000 on top of what I paid him when I could have waited for that or another property to become unowned and just have to pay the server value? It's obvious who comes out smelling like roses on that deal. I mean who even has that kind of money? I've been playing since November of last year and have never even broke $100,000 despite having jobs and RP.

Please someone take this bag of rattlesnakes and lay 'em out flat for me because I'm obviously missing something.

[S1mon]

Let me explain.

Some businesses are profitable. Some are extremely profitable (long-time used casinos, official (those who appear in SP) strip clubs and clothing shops, ammunations. Some are not so profitable.

As the owner who had a profitable business wants to get a compensation for his lack of business - he makes a buyout. It's his compensation.

If you are not happy - there's always a possibility to buy an unowned business (it's how I bought ALL bizzes exept my first one).

About houses. Some houses ae valuable - good location, good exterior or interior. Others are ugly or far away in Whetstone, or without a parking lot. So the owner can set an extra price if the house has some benefits. (I would sell my Pershing app with a 3x-5x buyout where x is it's price).  For example, a unique house at Red County (this near the river) is not very expensive, but hte buyout will be high - as there is place for any car or helicopter, and a place for a personal boat. But a crib in Las Colinas may be left unowned, if the owner find a better unowned house.


About kind of money. I don't know where from some citizens have large money amounts (the max is Melvin Gambetti with 31 million). But earning enough money for byuing a house with a car is easy - my neighbour, Lex, took me 20k, which he returned in three days.. So - in two or three weeks it is possible to earn enough cash for an unowned business.

[memphisraines]

I think I understand. The buyout is more of a premium or compensation for the seller. This explains why some of the houses I've seen had a buyout way in excess of the value price. Thanks for clearing this up.

This should really be posted in a prominent place in the sales board or sales rules so people know it. I didn't find anything talking about this before posting.

[S1mon]

Anyway, if you look for a cheap house - there's always plenty of them in LS areas like East LS, Las Colinas or Los Flores.
If you want a cheap business, it's not worth it, as few businesses give income without investing in them.

If you have more questions about properties - ask me.

[memphisraines]

Will do, thanks.