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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
ckr1969
183 posts
 

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

foggyus91's avatar
foggyus91
612 posts
 

Ignore them. Simple

willywonka's avatar
willywonka
464 posts
 

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

rsf507
2,574 posts
 

Ignore

audphile1's avatar
audphile1
7,826 posts
 

As a fairly experienced seller I can tell you that out of probably 20+ low ball offers I received only one was from a serious buyer who was looking for a best possible deal. We eventually agreed on a price that was fair to both of us. 

You can ignore the low baller. If he’s a serious buyer he’ll reach out again. 

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