Posted February 24, 2013 - 10:02 AM
The other side of this is the yo-yo's that call you when you are trying to SELL something!
Recently sold my 7x12 lathe on CL - Since I got the bigger Atlas up and running, I didn't need the smaller one. I looked around and priced it at what I thought was fair, plus a bit for folks to haggle me down.
When people would call (got a bunch of calls on it), I would tell them to come look at it before they made an offer less than my asking price, but that there was not much room to bargain. I figure if they are willing to take the time to come look, they are more serious about buying. Plus "phone deals" don't always show up...
3 guys came to look. One wanted something bigger than what I was selling (did u read the ad?!?!?). One guy made a low offer (Told him the truth - somebody else was coming to look that afternoon and was offering full price if the lathe was as described. I would hold the guys name and # and might take it in a week or so if it hadn't sold) and the third guy bought it outright.
But I had several folks that called and offered 1/4 to 1/2 of my price - without really knowing what I was selling. One guy was even offended when I declined his email offer for 35% of my listed price!
I am not beyond making offers on stuff. And I don't get offended by low offers. My reasoning is that something has a value - what it's worth TO ME. May be worth more or less TO YOU. But there is a value point (to me) beyond which, I won't buy/sell.
The Ford I just bought - I had a number in mind when I went to look at it based on the ad - fairly close to the sellers asking price. When I talked to the guy on the phone to set up a look see, I only asked if he was flexible on the price.... When I got there, the condition of the pile of parts caused me to lower my offer price. But I explained my offer (based on price of other machines for sale on craigs list - brought copies of a few ads...) and what it would cost me to fix it up again. We settled an a price we both could live with,and I took it home with me.