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

 

retiredaudioguy

It's polite to respond.  You do not have to make a counter offer.  You could say something like -- it's priced like other recent sales and I think someone else will meet my number.  See what he says.  You'll be in better position to know how serious he is.

I get ridiculously absurd offers all the time, recently, $60k burmester 218 amp with warranty, asking $24k plus shipping, offered $16k

There will always be extreme low ballers. I would ignore them because none of them will pay what the item is actually worth!