I suggest you ignore it. If there is interest they will contact you or re-bid. I had speakers listed here last year, someone bid very low and said that is all they could offer/afford. I got a far better offer the next day or so and let this person know, who then became angry with me because they said they would now meet that price, after saying they were at their top, and tried to argue I was obligated to sell to them since they were the first to bid. So I am saying stay the course and try not to overreact to people who seem to be dishonest. One other approach is to simply respond to the low offer saying it is too low for you to accept and let them then up the offer or not.
What to do with very low offer on an item for sale
I am pretty new to selling on Audiogon and with a component I have received an offer of 25% of the price; I had chosen a price, including shipping, at the low end of what I have seen on HiFi shark.
If someone with more experience than I could help; do I ignore it or come back with a sensible (10% perhaps) discount on my price.
Thanks for advice
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- 98 posts total
Where else would a certain type of purchaser start, especially one who is experiencing products with the notion the purchases might not be keepers. A High Asking Price from a Vendor and descend value as the asking price. A Low Offer from a Customer can ascend in value as the offer. No Rules for a Vendor, they either get to the place of the sale being agreed and complete to a 'closed won' , or as some might claim, 'buy the item once more by their not completing the sale'. |
Negotiation 101. If you get an offer, any offer, step 1 is to determine if it is a serious offer, or if it is just an opportunist on a fishing trip. Step 2. determine whether to react or not. The reaction can be to accept, to counter, or to reject. In the case you describe, the offer is obviously not serious and I agree with @rpeluso that your best course of action is to ignore it. Since you have already researched the value of your offering, you are safe to wait for a more reasonable offer. |
I join you as a "retired audio guy." Under the premise that you priced what you are selling realistically, based on comps, you have ZERO obligation to respond to an individual offering 25% of your asking price. Your offering a "good faith" additional 10% off to an individual making a reasonable offer would/could make sense. Remember, there are plenty of "bottom feeders" out there who feel entitled to offer whatever they want. |
- 98 posts total