I do it for the same reasons as stated by Tobias, Porschecab and Lak. Tobias, you didn't think I was serious about opening a ad that way, did you? I was merely commenting on my shock that some folks came at me harder AFTER I posted the sale pending sign. Even going so far as to tell me that they could get me more money and quicker. I have a legitimate sale pending. I also told the hound that I will wait longer for less because I had a verbal agreement, however I don't mark it sold until money has exchanged hands. Sale pending should mean that a new buyer understands that he doesn't have first dibs, even if he's willing to pay the asking price or more. I will take his name and let him know when and if the transaction has been completed.
"Sale pending"--why post it ?
I add "sale pending" to my ad title when I have a firm offer. I do this to reassure the buyer that his(her) offer is being taken seriously, the item is reserved and all that's keeping me from calling it "sold" is the payment's getting to me.
I also want to let other interested parties know they shouldn't get their hopes up. I'll offer to keep them posted and let them know if the deal falls through, if they care to make an offer anyway.
I do *not* mark an item "sale pending" to make it seem as though there is more interest in it than is really the case.
If you have marked an ad "sale pending" in the past, is this why you have done it ? Are there good reasons not to do it ?
I also want to let other interested parties know they shouldn't get their hopes up. I'll offer to keep them posted and let them know if the deal falls through, if they care to make an offer anyway.
I do *not* mark an item "sale pending" to make it seem as though there is more interest in it than is really the case.
If you have marked an ad "sale pending" in the past, is this why you have done it ? Are there good reasons not to do it ?