Tuesday, May 31, 2011

Real Estate Urban Legends: Mercedes in the Barn

In our office we have Tuesday Caravan. Caravan is that day that we set aside for everyone in the office to see each other's new listings before they are put into the Multiple Listing Service. There are lots of reasons for this but my favorite reason is looking for treasure. Now I don't mean real treasure like doubloons or pieces of eight but more realistic treasure like the mythical "Mercedes in the Barn". The "Mercedes in the Barn" is kind of a mix of legend and real estate porn stories ("I never thought it would happen to me but.....") where the unnamed real estate agent is doing a market analysis for the sweet little old lady and as they are walking around the barn notice that there is a locked door. "What is behind the locked door in barn?" the brokers asks.

"Oh, that is just my dead husband's old car. I kept meaning to sell it but I never got around to it." So the broker gets inside the barn and there finds a 1954 Mercedes 300sl with gull wing sitting on blocks and covered in dust. You can imagine the rest.


But of course this never happens. But sometimes something close happens. Today on Caravan I saw a 1930s Cadillac LaSalle in a garage (up on blocks after a long ago restoration attempt that stopped) and a 1970s Honda 550 Four just waiting to be restored. I didn't manage to get a picture of the LaSalle but I did manage a picture of the Honda. I wonder if I could work the bike into a commission split somehow? I have no idea what I would do with it but I want it.

No comments:

Post a Comment