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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
tuberist
1,000 posts
 

I always acknowledge any offer and I will say to people thank you for the interest, but this is the price and then I just move on

bubba12's avatar
bubba12
503 posts
 

Give them an answer. I don't understand 'ignore'. 

 

retiredaudioguy OP
283 posts
 

Many thanks for your input.  I think I'll be polite and respond "Thank you for your offer but it is too far below the component's value for me to consider."

buellrider97's avatar
buellrider97
941 posts
 

One of my indicators is the buyers feedback history. That alone should tell you what they’re about. As stated above most low ball offers aren’t from serious buyers. For me I tend to mirror the person asking , if they’re rude I don’t respond, if they are not rude I give them the benefit of a polite response as you indicated above. Regards , Mike B. 

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