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Appropriate time to wait before selling to someone else?

I am curious - I countered an offer with someone.  While waiting to hear back if they accept, I received another offer.  Is there protocol for how long I wait to move on to another buyer?  Thanks in advance for any help

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Appropriate time to wait before selling to someone else?

If I send offers, but some one else buys said item at the regular price, and has paid.  I ship to buyer that bought item at regular price.  If some one accept my offer, but payment is not made within 24 to 48 hours, I just cancel the sale and relist.  Further more, I also add non payer to my BBL.  I don't give second chances, because I have learned the hard way, that people that are in the ropes about buying item, they will just return it.  At the end, I lose shipping fees because I offer free shipping.

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