Biggest NWC score ever
Well, this is for the big cats. I am in a pickle right now. In a nut shell, my grandmother died last year, her house has a bunch of back taxes owed, the state is about to come knocking for it (and will sell to get theirs) and no one in my family has the money to save it. If my wife O'Hara and I can come up with the money, then the heirs of the house would let us live there for as long as we liked (15-20 years most likely). Which is a big improvement from our studio. Things are up in the air at the moment (just got some bad news about a possible solution) and O'Hara and I are frantically trying to figure things out.
I need to see how much money I can come up with in a fairly short period of time (less than 4-5 months hopefully). Now, I'm not selling yet. And hopefully I won't need to sell like this (eventually i think i will sell most of it). I just would like to hear some estimates on what people might pay for my whole lot of stuff. I'm fairly sure it's the largest lot of NWC there is out there (just because I can't imagine anyone saving absolutely everything like I did, I could be wrong)
So, here goes. My list wont be complete as I don't have everything in front of me
1. grey NWC #103 (I've been told it's one of the nicest around)
2. Oakland trophy (12 - 17 age)
3. black tombstone shaped sign with name, city etc. (all 90 finalists got one)
4. large white name plate from the finals (again all 90 got one. mine is numbered in corner, I think from my placement in top 7)
5. about a dozen mint NWC stickers, all but 2 are guest passes (stickers still intact). the other 2 are one semi finalist pass, and one i dont know what kind of pass. i think it is a pass from the finals that all the other people were supposed to wear, and i or my mom didn't. ive never seen anything like this one (see my december article pic)
6. 8 or so quarter fiinalist stickers (good condition)
7. about 10 ticket stubs, most of them oakland, 2 tampa bay
8. a 11" x 19" poster from the oakland regional (the same that ebay has been trying to sell for $300-500)
9. a NWC semi finalist hat
10. Absolutely all paperwork from the finals. This might not interest collectors, but it's pretty interesting. I have itineraries, the words to the song they made us sing, airline paperwork, legal stuff, details of the how the contest was run and a lot more. it's all in a beautiful, white NWC folder.
11. like 20-30 mint NWC finals posters 11" x 8" (pics in my january article, front white NWC logo with the date and time of finals, back the list of all 90 finalists, with sponsers)
1 of those posters, not mint, with jeff falcos autograph and rich amblers... i think eric aackerlunds is on there too. (I could probably get Thor to sign it and if I signed it, it would undoubtedly be the only thing in existence with the top 4 players names on it)
12, two name tags from the finals
that's all i can think of right now. pm me for details or pics. i was told before that it was hard to estimate how much this stuff is worth, because no one has sold it before, so i understand that this will be hard.
feel free to pm me or just post with estimates (im looking for what you think you might bid if i had an auction for everything) or offers.
any other advice or comments are of course welcome.
By the way, if you didn't read my article or are new to NA, my name is Robin Mihara and I came in 3rd nationally in the 12 - 17 age group behind Thor Aackerlund and Rich Ambler
I'd like to hear from Dain, NGD, Bronty.... whomever else I'm forgetting, telling me their thoughts whether or not they are interested in this package. If you guys have time, of course.
thanks a million, Robin
I need to see how much money I can come up with in a fairly short period of time (less than 4-5 months hopefully). Now, I'm not selling yet. And hopefully I won't need to sell like this (eventually i think i will sell most of it). I just would like to hear some estimates on what people might pay for my whole lot of stuff. I'm fairly sure it's the largest lot of NWC there is out there (just because I can't imagine anyone saving absolutely everything like I did, I could be wrong)
So, here goes. My list wont be complete as I don't have everything in front of me
1. grey NWC #103 (I've been told it's one of the nicest around)
2. Oakland trophy (12 - 17 age)
3. black tombstone shaped sign with name, city etc. (all 90 finalists got one)
4. large white name plate from the finals (again all 90 got one. mine is numbered in corner, I think from my placement in top 7)
5. about a dozen mint NWC stickers, all but 2 are guest passes (stickers still intact). the other 2 are one semi finalist pass, and one i dont know what kind of pass. i think it is a pass from the finals that all the other people were supposed to wear, and i or my mom didn't. ive never seen anything like this one (see my december article pic)
6. 8 or so quarter fiinalist stickers (good condition)
7. about 10 ticket stubs, most of them oakland, 2 tampa bay
8. a 11" x 19" poster from the oakland regional (the same that ebay has been trying to sell for $300-500)
9. a NWC semi finalist hat
10. Absolutely all paperwork from the finals. This might not interest collectors, but it's pretty interesting. I have itineraries, the words to the song they made us sing, airline paperwork, legal stuff, details of the how the contest was run and a lot more. it's all in a beautiful, white NWC folder.
11. like 20-30 mint NWC finals posters 11" x 8" (pics in my january article, front white NWC logo with the date and time of finals, back the list of all 90 finalists, with sponsers)
1 of those posters, not mint, with jeff falcos autograph and rich amblers... i think eric aackerlunds is on there too. (I could probably get Thor to sign it and if I signed it, it would undoubtedly be the only thing in existence with the top 4 players names on it)
12, two name tags from the finals
that's all i can think of right now. pm me for details or pics. i was told before that it was hard to estimate how much this stuff is worth, because no one has sold it before, so i understand that this will be hard.
feel free to pm me or just post with estimates (im looking for what you think you might bid if i had an auction for everything) or offers.
any other advice or comments are of course welcome.
By the way, if you didn't read my article or are new to NA, my name is Robin Mihara and I came in 3rd nationally in the 12 - 17 age group behind Thor Aackerlund and Rich Ambler
I'd like to hear from Dain, NGD, Bronty.... whomever else I'm forgetting, telling me their thoughts whether or not they are interested in this package. If you guys have time, of course.
thanks a million, Robin
Comments
Someone, somewhere will pay a fortune for that stuff. Have you cross posted this in other forums? You'd probably get a lot of interest over at DP.
could you pm me and tell me what you are talking about exactly? thanks for the help
Wow, very sorry to hear the news man. You should have no problems getting quite a hefty sum of money for many of those items though. NWC Cart alone should be 3-4k I'd think? Maybe even more?
ive heard the largest amount for a NWC by itself was 6.5. Not sure if mine is nicer or not. I also heard that it may be worth more, since I am an original owner. mother brain said that some one sold trophy, 1 sign and NWC and it hit 5 figures... not sure about the details on that one.
Wow, very sorry to hear the news man. You should have no problems getting quite a hefty sum of money for many of those items though. NWC Cart alone should be 3-4k I'd think? Maybe even more?
ive heard the largest amount for a NWC by itself was 6.5. Not sure if mine is nicer or not. I also heard that it may be worth more, since I am an original owner. mother brain said that some one sold trophy, 1 sign and NWC and it hit 5 figures... not sure about the details on that one.
A gray NWC hit 6.5??? Damn I thought they maxed out in the 5k range, guess I'm way off.
It also theoretically could be worth more, but you'd have to find the right person. I for one wouldn't care who had it or how it got to me as long as the condition was nice. I think condition could be the bigger factor here, but it really does depend on the buyer.
good luck!!
More importantly, this is a family heirloom -- I really hope you aren't forced to sell it.
I'd say you could get at least $5,000 for the lot, possibly more. It gets blurry when you go higher than that simply because it reduces the number of people who can afford to bid, down to a select few. And even then, some collectors with cash don't collect this sort of thing.
More importantly, this is a family heirloom -- I really hope you aren't forced to sell it.
I was actually hoping for just the select few. I didn't think there were many who could even think about this stuff. I'm looking for the guys who went out and bought a gold, and get them to fight over it.
ONLY the estate is required to pay any debts against the estate. They CAN ask you for the difference, but they cannot compel you to pay it.
If the taxes owed are reasonable (i.e. low 5-figures or less) and the rest of the family has done their part to liquidate any other estate items (cars, furniture, stuff, etc), then go for it.
As a neutral 3rd party, I would just suggest that you step back and make sure you REALLY want to GIVE that tax money to family who wasn't willing to pay it themselves, and likely won't pay you back, ever.
Robin, i wouldn't take less than 5, you're the original owner and have taken great care of it. all this stuff together, I have no clue what to estimate. 10k or more.
frankly, i was thinking 10 or more, if the story is indeed true about the NWC cart, 1 sign and his trophy (Where are you motherbrain? verify please!)
Well, this is for the big cats.
I'd like to hear from Dain, NGD, Bronty....
damn you kiddo! i send you a free na ezine and you leave me out of the big cat list. i would up dains offer to $6k, but i really hope you dont sell this. this should be passed down to your kids!!! good luck with everything. there HAS to be another way to save the house AND keep your stuff.
not to make light of this situation, but it reminds me of happy gilmore!
Be sure to consult a tax attorney regarding the back taxes and any other taxes on the estate.
ONLY the estate is required to pay any debts against the estate. They CAN ask you for the difference, but they cannot compel you to pay it.
If the taxes owed are reasonable (i.e. low 5-figures or less) and the rest of the family has done their part to liquidate any other estate items (cars, furniture, stuff, etc), then go for it.
As a neutral 3rd party, I would just suggest that you step back and make sure you REALLY want to GIVE that tax money to family who wasn't willing to pay it themselves, and likely won't pay you back, ever.
ha i had a feeling i'd hear from you about this
this is the thing.... taxes are around 50k. there was a senior deferment (or something), which meant the taxes could be swept aside until she passed, and then the state could take it out of the house. Gramma lived longer than we all thought she would (92). Now the bill is huge, and in August they are due (or we must have a solid plan in place, whatever that means).
My gramma didnt have a will, so it will go in to probate at that time, and there are 4 children (my mom is one of them). now none of the kids (generation above me) can afford that much right now, and things look bleak. the house is in bad condition, but could easily be fixed up to be worth 400k+. now, in this market, and with the friggin water damage and what not, i doubt the state (who would be doing the selling) would get 2/3 what we feel its worth.
So if ohara and i can come up with it (dont need 50, but as much as possible), then we have the OK to live there indefinitely (and be 50k part owners should something happen and have to sell), for utilities and just paying down that money. this place, once fixed up could command like 1,300 rent or so. so this is a good deal in the big picture.... i think for everyone. what are your thoughts?
thanks again
and if you do have to sell it i hope it falls into loving (and big paying) hands
Robin, if you have this stuff still for sale in September at Retro Gaming Expo, maybe we can talk...
that would most likely be a little late, but lets talk then anyway
i cant believe how many responses ive gotten so fast... you guys just always on here?
You're not?
i cant believe how many responses ive gotten so fast... you guys just always on here?
You're not?
since my epic thread battle on whether or not SMB 2 is crap, ive been visiting less and less. took too much out of me
well compared to smb 1 and 3, it is crap. I don't really consider it a SMB game and if you see it beyond that, it is, actually kind of fun. but this isn't a thread about that
oh now someone is on my side...... yeah lets not talk about that right now
Be sure to consult a tax attorney regarding the back taxes and any other taxes on the estate.
ONLY the estate is required to pay any debts against the estate. They CAN ask you for the difference, but they cannot compel you to pay it.
If the taxes owed are reasonable (i.e. low 5-figures or less) and the rest of the family has done their part to liquidate any other estate items (cars, furniture, stuff, etc), then go for it.
As a neutral 3rd party, I would just suggest that you step back and make sure you REALLY want to GIVE that tax money to family who wasn't willing to pay it themselves, and likely won't pay you back, ever.
ha i had a feeling i'd hear from you about this
this is the thing.... taxes are around 50k. there was a senior deferment (or something), which meant the taxes could be swept aside until she passed, and then the state could take it out of the house. Gramma lived longer than we all thought she would (92). Now the bill is huge, and in August they are due (or we must have a solid plan in place, whatever that means).
My gramma didnt have a will, so it will go in to probate at that time, and there are 4 children (my mom is one of them). now none of the kids (generation above me) can afford that much right now, and things look bleak. the house is in bad condition, but could easily be fixed up to be worth 400k+. now, in this market, and with the friggin water damage and what not, i doubt the state (who would be doing the selling) would get 2/3 what we feel its worth.
So if ohara and i can come up with it (dont need 50, but as much as possible), then we have the OK to live there indefinitely (and be 50k part owners should something happen and have to sell), for utilities and just paying down that money. this place, once fixed up could command like 1,300 rent or so. so this is a good deal in the big picture.... i think for everyone. what are your thoughts?
OK, thanks for giving me the big picture...things I would consider before moving forward:
(1) If the place ACTUALLY assess at 400k (I'm assuming this house must be 3000 - 4000 square feet) then you are likely looking at upwards of $4k/year in property taxes (if you're in Texas that number might be as high as 12k per year). That's a lot of money, and it's likely "more house" than you need.
(2) You say it's in "bad condition" and that it has water damage...that might be an automatic no-go. If your grandmother was deferring taxes, then she was likely deferring all maintenance as well. Find a home inspector that you trust and walk through the house with them before you commit to ANYTHING. If there is visible water damage there could easily be > $50k in damage that needs repair that you won't know about until it's too late. I'll tell you from personal experience that renovation is WAY more expensive and time consuming that you've likely ever imagined.
(3) $50k is a ton of money. Personally, if I was looking for a house and had $50k, I would consider buying a house in much better condition, that was more sustainable on my budget in the long run.
(4) $1300/mo is not much in rent for a house, especially on what you think is a $400k property (I would expect something more like $2500/mo). If given a choice between being a landlord with $1300/mo income and getting $400k from a sale, I would sell in a heartbeat. If you've never been a landlord before you're probably asking for a lot of headaches.
Personally...I would consult a home inspector or contractor and get them to look at all of the damage and give you an estimate of repairs. I suspect the better option here, might be to let the property go to auction and then get the remaining funds after the state takes their taxes. There is zero risk in this approach, because it will go for the actual price you could have ever expect to get yourself, accounting for the necessary maintenance and repair issues. No family member will be on the hook for anything, and no one is worse off than they were before. The same is not true if you get sucked in to what turns out to be a terrible money pit.