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

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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I suggest that you respond to all offers, regardless of how low. Just say "Offer refused." If you want to counter you can do that. The reason is that the potential buyer needs to know if his offer has been seen. You don't want to be accused of not being a serious seller.