What is " lowball"


Do any of you have an idea of what constitutes lowball as a general rule. I have purchased things at 75% of asking price and have been ignored at 90%. All my sales have involved some haggling to find a middle ground and some started at what I thought was a lowball, so it annoys me when I am ignored. I guess it is better than getting involved with someone too busy to type NO THANKS and hit send. I'm just curious what everyone considers a rule of thumb in regards to making offers.
mthieme

Showing 1 response by ed_sawyer

A lot depends on the timing too. If I put up an item, I won't even consider offers below the asking price for at least a week or two. The first day or two gets the most offers and traffic to an item. Chances are if it's priced reasonably well, it will sell @ asking price without trouble. If you want it, offer the asking price to lock in your spot.

More than once I have bought things that were good deals, and I was lucky to get in on them - fast action with email, firm offers to buy on the first round, and no BS of offering lower than asking price. Later the seller(s) told me things like "I could have sold this 10 times today" or "one guy called me up all pissed and offered $200 more than asking and demanded I sell it to him but I didn't".

Those are the sorts of deals (and with info like that, you know they were DEALS) you miss out on if you screw around with beating around the bush with offers, blah blah. If it's an item that has been up more than once, then chances are the price is more flexible. But don't waste my time with offers under asking price on an item listing that is less than a week old, IMNSHO.

-Ed