Okay, but what happens when you score a great deal (haggled down or not), say $100 for a an $800 pin and you choose to sell. What is the appropriate price to post here on MAACA if some members know you got it for a song?
Exactly my point! there is not such things as lowballing and highballing only offer and demand. If you are happy with the price you got and the buyer is happy with what he/she paid then it is a match made in heaven. If someone gives you a pin i.e brother etc. and a few years later you want to get rid of it and your brother doesn't want it back does that mean you have to give it away free since you did not pay it!
Fair market value is what you should get and or pay. A deal is always sweet and I like them too!
Buy low sell high..............high does not mean ripping people off.
I would submit that you can only lowball against the fair market value of an object. If an object has a FMV of $100, and it is posted for sale at $300, then $80 is more than a fair offer. I don't think anyone would disagree with that. The squirmy bit becomes determining what that FMV is.
Your 'market', is the scope of available buyers within the period of time available to you. I think that last bit is the kicker. If you have an infinite amount of time to sell something to an infinite market, then the FMV is what would be reflected as it's book value. If however you need to sell something for whatever reason within a given period of time, then your 'market' has now shrunk, the smaller the market, the smaller the demand, the lower the value. If people know about your need to sell, then be prepared for offers lower than the book value.
... you all say that, but I bet most of you would be first to contact me if I decided to give away a pin.
I would!! Who does not want free or really cheap stuff! Especially when it has a personal value. One mans junk type thing.
imo garage sales and flea markets are open game. Most of the stuff is old and/or usually purchased for very little or even free as in the toaster mentioned above.
Point is, lowballers can end up with a wicked deal. otherwise its up to the seller to just say NO or counter offer! Bargaining seems to be a thing of the past. Just recently I was looking for a certain RC car and found many on lespac, kijiji and ebay. These sellers were asking new value on a used item (not collectors items, thats different). In other words they were Highballing therefore I lowballed and most just said no. simple as that. No counter offer or any other response of any kind. But I was expecting that so just kept looking until I found what I wanted at the price I wanted.
So either way people, no offence should be taken as it is business and should be left at that. Seller: If you don't like the offer then counter offer or just say no. Buyer: If you don't like the counter offer or your offer was refused then go somewhere else.
Geeze, some of you folks are too sensitive. You do realize there is a world outside of MAACA?
As a seller, you have the last word so why should lowballing or tire kickers matter? Deal with it. Honesty is what i value. If someone does say they want what i'm selling, but it falls through then why should I get angry or upset if the guy/gal is honest? And i don't exclude them on future deals. Once the cash is in my hand then the deal is done, not before.
One thing I absolutely won't tollerate are rediculous delivery fees and that will blacklist someone in my book.
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Okay, but what happens when you score a great deal (haggled down or not), say $100 for a an $800 pin and you choose to sell. What is the appropriate price to post here on MAACA if some members know you got it for a song?
Fair maket value. It doesn't matter what you paid for it. Just don't lie about having paid "full price" and that you're selling it for what you've paid... It's a small community.. It's easy enough to find out what was paid. There's 1 member in particular who likes to lie like that. Buys low sells high and bullshits about how much he paid.. If he only knew Word gets around
Mike
Currently owning: ============ MAME in Sega cab with 25" arcade monitor (Has a 12" Bazooka powered subwoofer in it) - Not for sale Williams Civic Center Shuffle Alley (Puck Bowler) (1973) - 350$ Seeburg LS1 "Spectra" Jukebox (1967) - 300$
Currently babysitting =============== Heavy Metal Meltdown SOLD - leaving soon
Previously owned ============= Hot Tip, Countdown, HS, WWF, TFTC, T2, RS, Pinbot, Laser War, LOTR, Flinstones, FH, DM, STTNG, Getaway, Silver Slugger, Laser Ball, Bad Cats, Batman Forever, Meteor, TZ, Galaxy, 6MDM, TSPP, MB.
I would!! Who does not want free or really cheap stuff! Especially when it has a personal value. One mans junk type thing.
imo garage sales and flea markets are open game. Most of the stuff is old and/or usually purchased for very little or even free as in the toaster mentioned above.
Point is, lowballers can end up with a wicked deal. otherwise its up to the seller to just say NO or counter offer! Bargaining seems to be a thing of the past. Just recently I was looking for a certain RC car and found many on lespac, kijiji and ebay. These sellers were asking new value on a used item (not collectors items, thats different). In other words they were Highballing therefore I lowballed and most just said no. simple as that. No counter offer or any other response of any kind. But I was expecting that so just kept looking until I found what I wanted at the price I wanted.
So either way people, no offence should be taken as it is business and should be left at that. Seller: If you don't like the offer then counter offer or just say no. Buyer: If you don't like the counter offer or your offer was refused then go somewhere else.
I completely agree with MacPhreak. What seems fair to me may not be fair to the next person. Who cares what anyone else thinks is a fair price for the item except me?
Geeze, some of you folks are too sensitive. You do realize there is a world outside of MAACA?
As a seller, you have the last word so why should lowballing or tire kickers matter? Deal with it. Honesty is what i value. If someone does say they want what i'm selling, but it falls through then why should I get angry or upset if the guy/gal is honest? And i don't exclude them on future deals. Once the cash is in my hand then the deal is done, not before.
One thing I absolutely won't tollerate are rediculous delivery fees and that will blacklist someone in my book.
Bingo! Honesty is all I care about. Just don't lie to me. I can understand if you intended to buy something, but then couldn't for reasons outside your control. But don't just back out because you changed your mind.
What would really annoy me is if someone was a tire-kicker/low-baller (low-ball-kicker?). They ask for lots of pictures, but then give you a lowball, especially when you said your price was firm. This didn't happen to me, but has happened to someone I know, WTF? To me, that's a bit dishonest. Once you start asking for extra pictures, you are no longer allowed to lowball. If you want to lowball, take the risk with the pictures you've got.
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If the guy lives in Bowmanville and wants me to deliver a pin for $100, I think that's reasonable, considering I live in Hamilton. Time/Distance/Price....... that dictates my fee and I'm definately not going to load it into my vehicle without a deposit - unless I know the buyer ( really WELL ).