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FORUMS Marketplace & Market Info Market Watch 
Thread started 19 Oct 2010 (Tuesday) 12:39
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What's the least...

 
Fernando
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Oct 19, 2010 12:39 |  #1

"What's the least you'll take?", is a question I got used to on Craigslist but recently I've been getting it on the Sell Forum here.

I guess I'm a little snarky when I turn it around and ask, "What's the most you'll pay?" but for some reason I expect people to make an offer, not try to effect a self-induced low-ball...which has to be RARE.

Anyway, rant off but it is something I find off-putting and it makes me less likely accept an offer less than asking price.

-F


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DiMAn0684
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Oct 19, 2010 12:51 |  #2

I usually reply with "I believe the stated price is fair and reasonable" because this is how I usually price the items I sell. There're obviously some people who list used gear at or above the msrp for new copies and expect to get on offer that will still be higher than the avg. market price, so I guess the answer to the question really depends on your pricing strategy.


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huntersdad
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Oct 19, 2010 12:54 as a reply to  @ DiMAn0684's post |  #3

I will generally reply back maybe $20 lower. When I sold my 100-400 a couple weeks ago, I was asking $1450, 3 months old, and had offers of $900-1000 from established members.

People think if you're selling gear you must be cash strapped. No thought is ever given to just needing to trim some gear down.


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Fernando
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Oct 19, 2010 13:02 |  #4

DiMAn0684 wrote in post #11126151 (external link)
I usually reply with "I believe the stated price is fair and reasonable" because this is how I usually price the items I sell. There're obviously some people who list used gear at or above the msrp for new copies and expect to get on offer that will still be higher than the avg. market price, so I guess the answer to the question really depends on your pricing strategy.

I consider my pricing fair and flexible. I've been offered asking price for everything I've sold here. I did lose out on $30 on a body because I was in a hurry.

The guy who just sold his 50 mkI for $85 is making my current sale a pain.

-F


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Fernando
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Oct 19, 2010 13:06 |  #5

huntersdad wrote in post #11126170 (external link)
People think if you're selling gear you must be cash strapped. No thought is ever given to just needing to trim some gear down.

This seems to happen a lot. I don't need the money, I want to move superfluous gear or want to blow a little cash on a luxury that is my hobby.

-F


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DiMAn0684
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Oct 19, 2010 13:10 |  #6

Austin Fern wrote in post #11126200 (external link)
The guy who just sold his 50 mkI for $85 is making my current sale a pain.

-F

I'll give you $90 :)

There're some very good deals in the "for sale" section from time to time, but usually the prices are within +/- 10% of what people usually expect.


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Fernando
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Oct 19, 2010 14:54 |  #7

DiMAn0684 wrote in post #11126247 (external link)
I'll give you $90 :)

There're some very good deals in the "for sale" section from time to time, but usually the prices are within +/- 10% of what people usually expect.

At least you aren't serious!

-F


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Miami78
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Oct 19, 2010 15:22 |  #8

I'll use that question if it's something I'm on the fence about getting. Actually asked that exactly a few days ago with a guy on craigslist selling wheels for my motorcycle. His price was very good but it was going to be a 700 mile drive roundtrip for me to go get them, so it wasn't very appealing to me. He dropped the price enough to make it worth my while and the next day I made the road trip. I wouldn't have been offended if he hadn't dropped his price, but I probably wouldn't have gotten the wheels and he wouldn't have had a sale.

If I'm selling something and the price is not negotiable I'll just list it with the price as "firm", makes it clear that the price will not be lowered.

Seems like most people build a buffer into their price anyway so that a buyer can request and recieve a drop in price to make them feel better about buying something, but it's the amount the seller wanted to get anyway (seller wants $500 for his item, lists it for $600, buyer asks for a price drop and buys it for $500...but buyer still would have asked for a price drop if it had been listed for $500). It's right along the same lines as most retail stores raising the msrp right before a sale...it makes the buyer feel better, and more likely to buy something, if they can feel like they got a better deal...


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jbd007
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Oct 19, 2010 17:03 |  #9

Austin Fern wrote in post #11126087 (external link)
"What's the least you'll take?", is a question I got used to on Craigslist but recently I've been getting it on the Sell Forum here.

I guess I'm a little snarky when I turn it around and ask, "What's the most you'll pay?" but for some reason I expect people to make an offer, not try to effect a self-induced low-ball...which has to be RARE.

Anyway, rant off but it is something I find off-putting and it makes me less likely accept an offer less than asking price.

-F

You have already establish what i would pay by putting your price in the post, however if your not quoting it as firm i feel it is negotiable.

How ever if you say it is firm then so be it. Just my thoughts on the subject.




  
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volfan1978
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Oct 19, 2010 17:12 |  #10

I've found this to be kind of irritating too. What I can't stand is when someone replies to one of my for sale ads and says something like "I'll offer you $50. What's your Paypal?" I may be asking $75 for it and he or she just assumes that I'm ready to take $50--doesn't even ask if I would consider their offer.

I had someone lecture me this week about my asking price on an item, basically telling me the item didn't sell anywhere near what I was asking, yet someone else bought it for my asking price later that day.

I don't have a problem being flexible sometimes with the price, but sometimes people can be just rude in the haggling process.




  
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jgrussell
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Oct 19, 2010 17:22 |  #11

Austin Fern wrote in post #11126087 (external link)
"What's the least you'll take?", is a question I got used to on Craigslist but recently I've been getting it on the Sell Forum here.

I think I might reply with: "What's the most you'll pay?"


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crcal
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Oct 19, 2010 17:31 as a reply to  @ jgrussell's post |  #12

I've only been low balled once here on POTN, been lucky I guess.

I hate selling on craigslist already. People on craigslist for the most part are flakers and low ballers. Once I had a guy check out my 17-40mm lens for half an hour and offer me $300, saying that's all he had. And in my ad I said my price was FIRM AT $500, which I thought was already a very good price.

But yeah, I hate that "what's the least you'll take?" question. On craigslist I usually put a buffer on my price but on here I don't budge.


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nprdavid
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Oct 19, 2010 17:36 |  #13

it's a reflection of the economy, folks are trying to streeeeeeeeetch their dollars.


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duane0524
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Oct 19, 2010 17:43 |  #14

nprdavid wrote in post #11127717 (external link)
it's a reflection of the economy, folks are trying to streeeeeeeeetch their dollars.

I agree, but also the seller would have set the lower price if that is what he wanted. I have got those what is your lowest requests on items that were posted within 10 minutes of the post. Just make an offer, if it is close we can talk.


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Ezekiel97
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Oct 19, 2010 17:54 |  #15

When I was selling my 65 mustang, I actually declined sale to people who said "what's the lowest you'll take". I'm all about working out the deal, but there is no working with someone who asks whats the lowest you'll take because they'll only lowball you and won't work a deal out.


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