In our business, you’re trained to go after people that are selling distressed assets. That’s how you buy low and sell high.
Problem is, there is such a thing as too low—where the deal doesn’t make sense.
Take this example:
Newly released white dial Omega Speedmaster; selling due to “family reasons”; willing to sell for half ($4500) what they normally go for; they’re even willing to receive payment after you receive the watch!
Trust me - this is a scam for the simple fact that there’s no logical reason for this deal at this price. They could walk into any jeweler and get $6500 for this. So why let it go to strangers on the internet for less than a cash deal in their own town?
Somewhere, somehow, this is a trick - don’t even waste time trying to figure out some way to make it work, even if you protect yourself, yada, yada. But trust me - people will fall for this.
Red flags:
1. FB account has 54 friends
2. Joined the FB group very recently
3. Price is simply illogical. Yes, people get desperate and sometimes don’t know what they have and the real value of it. But this is like buying a house for 200k and months later being willing to sell it for 50k. Makes literally zero sense why anyone would do that.
Can’t stress enough to really vet who you’re doing a deal with, stick to recommended payment methods, and although we recommend being aggressive, don’t get greedy.