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Which is better?

I’m a casual seller, currently selling my adult daughter’s childhood toys ( she is not interested in keeping them). So far bidders have paid the buy it now prices I’m asking or have been offering bids that are at least 90% of my asking price. This weekend I encountered two different bidders who offered me around 50% of my buy it now price. I checked recent completed items and counteroffered. One buyer came up $1 (on a $50 item) and the other one came up $5 (on a $70 item). They are currently offering around 60% of my asking price. Quite frankly I’m not that anxious to sell that I am going to continue countering them but I’m wondering if it’s better to right out refuse their offer or just let it expire. Thoughts?

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Which is better?

Hi, @pepper1202.
Some people offer the lowest they think you may take, but they are actually willing to pay more. They just want to test the waters and find out how much you are willing to bargain. Then there are the people who are just jerks and make lowball offers on stuff just for the fun of it.
The problem is finding the difference between these two. Obviously one would probably better off getting a counteroffer and the other getting their offer declined.

Usually, I counter a little lower than my BIN price no matter what they offer me and if they return with another lowball counteroffer, I decline outright. Some other people probably are going to tell you to block them as well when you do that, and that works too.

Good luck!



https://bio.link/langs
Message 2 of 11
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Which is better?

Wow, what a nice lot of toys.  That will empty out a room for you.  Personally, I usually just turn down such low offers---especially since you offer free shipping on most of them.   Coming up a dollar or so would annoy me.   The toys appear in very good condition and you should have no trouble selling them without offers.

Message 3 of 11
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Which is better?

At least two schools of thought here - and probably more.

 

If you outright refuse, they know you are serious and didn't merely 'miss' their offer by letting it expire.

 

If you let it expire, you may have missed it or aren't interested, but they will probably try again until 'they get through' to you.

 

Keep in mind that many may want them for resale and want them for the least possible to maximize their profit.

Not saying 'NO' doesn't mean 'YES'.

The foolishness of one's actions or words is determined by the number of witnesses.

Perhaps if Brains were described as an APP, many people would use them more often.

Respect, like money, is only of 'worth' when it is earned - with all due respect, it can not be ordained, legislated or coerced. Anonymous
Message 4 of 11
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Which is better?

I'd counter at either your last offer or back at the list price.

 

When I'm done negotiating, I tend to do that.

 

buy it or don't buy it. I am confident in my price. Once had it sell outright. the buyer had counter a little higher. I got to send a message. 

 

"I am unable to accept your offer because the item has sold at full price and is therefore no longer available"



"Believe in something, even if it means sacrificing everything" Colin Kaepernick the new face of NIKE
Message 5 of 11
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Which is better?

Don't see anything wrong with getting 50-60% of what you are asking for.  For lower $ value items, probably doesn't owe you anything,  my thought is,  move on get some cash flow going, so even getting a price of what you might expect at a garage sale ... is a bonus.   Checking completed items only shows you what somebody is asking ,  the Sold listings give a better idea of trending prices ... but be careful the sold price may not be the sold price.  Just checked Ebay did not publish the price of what I offered and what the seller accepted , but the price the seller listed at.

  

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Which is better?


@fern*wood wrote:

Wow, what a nice lot of toys.  That will empty out a room for you.  Personally, I usually just turn down such low offers---especially since you offer free shipping on most of them.   Coming up a dollar or so would annoy me.   The toys appear in very good condition and you should have no trouble selling them without offers.


I agree here. I don't do any offers or negotiations. But if I did, it would annoy me if the buyer counters with 1 dollar more or the smallest increment allowed. I figure those people are just messing around... and if they aren't, I don't really want to waste my time with the whole song and dance to get the buyer's actual final offer.

Message 7 of 11
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Which is better?

donate to charity..take the tax write off 

Message 8 of 11
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Which is better?


@pepper1202 wrote:

This weekend I encountered two different bidders who offered me around 50% of my buy it now price.


Recent sold listings for the poly pockets suggest buyers purchase them between $15-20 seven days a week so offers of 50% sounds about right.

Message 9 of 11
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Which is better?

-Here's my 2 cents...

 

-Some people like to haggle back & forth & some don't...your lowballers may just be trying for a quick knockout score or settling in for a 10 round bout . No way of telling. 

 

How about replying something like this:

"I can't go any lower than $x.00 on this one...if  $x.00 doesn't work for you thanks for looking & hope you have good luck finding it at your price elsewhere"

 

-The $x.00 amount would be either your previous counteroffer repeated or whatever you're willing to do as a final offer...gives them a chance to either buy if they're willing to or scurry away if they're not. 

-Plus you're polite & professional even when it may not result in that sale...so yay you as a seller!

Message 10 of 11
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Which is better?

I would either decline or counter offer.  I would not just let an offer expire unless it was just ridiculously low.  But I would be sure of the selling price of similar items.  

Message 11 of 11
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