1. Home
  2. misc-audio
  3. 197724-198226

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
chrisoshea
578 posts
 

Plus 1 on "I suggest you ignore it.  If there is interest they will contact you or re-bid." And as always with a selling & bidding process, decide on your LOWEST price you will sell an item for and stick with it.  

chrisoshea
578 posts
 

AND yes....NEVER "list the item as "OBO"...Mention you will consider offers which is not the same.

jl35
4,450 posts
 

@retiredaudioguy curious what price you sold it for ...

moto_man
448 posts
 

I am frankly puzzled by this thread.  If someone gives a lowball offer, they are either not serious or they are seeing if they can get a steal.  Who cares?  Either ignore it or, as I have done, simply respond politely that that is simply not feasible, but I will accept $X.  No reason to get upset about it or take it personally.  A buyer never knows.  Maybe the seller has fallen on hard times and needs to liquidate it quickly, in which case there is a great deal to be had.  Don't get offended.

desktopguy
453 posts
 

If informal market research (ie, HiFiShark) reveals that your item is dramatically overpriced, lower the price to market level.

But assuming your price already is market level--IGNORE THE LOW-BALLER.

More to discover