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

@ejr1953 

Your guy was a pretty dumb low-baller... He drove 3 hours round trip, spent $30 or $40 on gas, and came back empty-handed.

 

@devinplombier Agreed!  I let him know that.  Though I told him he wasted his time, "Einstein" asked if he could see the unit before he left.

I respond to all offers, and if the offer is too low, I simply decline the offer. 

I try to get a sense of the ballpark for an item by recent sales.  I don't mind giving someone a great deal as once I decide to sell, I am a motivated seller, but I will and do hold out for a fair price, I don't think I have ever had anything for sale for more than a few weeks before it sold satisfactorily.  

I also think it's so much easier to sell now than it was decades past. I am in the US and have sold a number of items outside of the US.