Low-Ball offers

[tnt]

2 months ago, there was one member here told me that he bought a brand new 31mm, jubilee bracelet, fluted bezel with diamond silver dial at Rolex AD for $4200. I was not responded at all to that kind of such

[handsfull]

Originally Posted by Brian J

I handle it by not responding. Here's a recent example, I had a very nice newer boat reasonably priced for $17k, I get an email out of nowhere "I'll give you $10,500 cash". No response from me. 2 days later he comes back at 12k, still no repsonse from me. Then offers 14k. OK now we can talk. 10 minutes later he's up to 15k.

IMO, this is a prime example why you should respond to all offers.

The seller had a buyer......but the deal failed to close for several more days due to zero communication from the seller.

[megagem]

Originally Posted by Rolodex5551212

Reading your post, looks like you made a perfect description of yourself!

If it didn't impact the response rate, all my ads would contain a disclaimer:

"Low ball me ONLY if you want to get flamed!"

[Brian J]

Originally Posted by handsfull

IMO, this is a prime example why you should respond to all offers.

The seller had a buyer......but the deal failed to close for several more days due to zero communication from the seller.

You're assuming the potential buyer would have come up to the price I got him up to had I not used the "don't reply" tactic. Maybe....maybe not.

I'm also in the twin cities, work in Minneapolis, live in Eagan.

[handsfull]

Originally Posted by Brian J

You're assuming the potential buyer would have come up to the price I got him up to had I not used the "don't reply" tactic. Maybe....maybe not.

I'm also in the twin cities, work in Minneapolis, live in Eagan.

True.

Nice! I have work in Eagan and the surrounding suburbs, we need to get a meet/greet up some day in winter (after Xmas)

[greekbum]

If an item is priced right in front of a group of people with money looking to buy that item it will sell or its not priced right. A watch show is a good example of the above. You have buyers that came with money to buy watches.If you are priced too low you sold out either before the show or in the 1st half hour. If you are priced too high you run a mobile museum and don't sell anything. A watch dealer that knows what the market is willing to pay always sells out at every show.

[MB7000]

In the end, it's business and nothing should be taken personal. as they say "if your taking it personal your in the wrong business"

[ingoodtime]

Originally Posted by greekbum

If an item is priced right in front of a group of people with money looking to buy that item it will sell or its not priced right. A watch show is a good example of the above. You have buyers that came with money to buy watches.If you are priced too low you sold out either before the show or in the 1st half hour. If you are priced too high you run a mobile museum and don't sell anything. A watch dealer that knows what the market is willing to pay always sells out at every show.

Well, I'm not in the business but have been to watch and jewelry shows. I don't see people selling out. I see thm doing business and hear them talking, particularly nears the end of the show. I've heard them say things like, well, I didn't break any records......the sign of a troubling economy. Yes they are doing business but record profits are only made if they manage to squire their product at bargain prices.

I recently bought an18 KT diamond ring for my wife at a show. The seller offered it at a great price and my wife was still not sure she wanted me to spend money. The dealer actually said he could not replace the ring for what he was selling it for. He wanted to do business.

[springer]

Hey Tempo, where do I get one of those cryptographs!

[Eric88]

I've always been in the camp of putting a very fair price on things to sell them quickly vs. dealing with a lot of back and forth. Perhaps I lose $50 here and there, but my own time and sanity is worth a lot more than this. An example form today. I had a decent extra bracelet with a solid market value in the $600-650 range, depending on whom you ask. I thought about listing at the top dollar and then waiting for the counter offers. Instead, I listed it at $550 and sold it in minutes. Maybe I could have eked out another $50, but the peace of mind from offering a good deal and closing it quickly was worth it to me.

[sallyhats]

great post

[Lol-x]

Originally Posted by sallyhats

great post

Who's post?

That isn't a post just to build up your post count to qualify you to supposedly sell a watch is it?

You made 14 posts today and each post was lucky if they contained more than 1 or 2 words.

I wouldn't be cynical would I?

[marshallr47]

Great postings by all. Bottom line is that we all want a good deal when buying something. I love to negotiate and I don't think there's anything wrong with that. Sometimes I will ask the seller what the lowest price you would be willing to sell for. If the price is reasonable, then I continue with negotiations. You can never take sales personally.....buyer or seller.

[Rolodex5551212]

Quote:
Originally Posted by Rolodex5551212
Reading your post, looks like you made a perfect description of yourself!
If it didn't impact the response rate, all my ads would contain a disclaimer:

Originally Posted by megagem

If it didn't impact the response rate, all my ads would contain a disclaimer:

"Low ball me ONLY if you want to get flamed!"

Wow, you totally missed the boat on this one.

[humvee]

Originally Posted by MB7000

In the end, it's business and nothing should be taken personal. as they say "if your taking it personal your in the wrong business"

I agree. Well said. It is human nature to want somethnig for nothing. It is called GREED. I want your Ferrari for $10 and your DEEPSEA and other rolexes for 15cents each.. and you 6 bedroom beach front home for $5000. I personally do not give a rat's behind, how hard you worked for something. I don't wanna hear sob stories of how you have to make ends meet by selling and how it hurts for you to see this item on sale. The moment you put it on the market, the game is on - you have to be ready for all kinds of offers. It is only business and nothing personal -- just trying to stretch my dollar as far as it can go. In short, I am trying to take full advantage of your desperation to sell to pay the least--that's the name of the game.

[handsfull]

Originally Posted by humvee

I personally do not give a rat's behind, how hard you worked for something. I don't wanna hear sob stories of how you have to make ends meet by selling and how it hurts for you to see this item on sale.

Ahhhh....good old fashion compassion. Nice.

[humvee]

Originally Posted by handsfull

Ahhhh....good old fashion compassion. Nice.

If you miss business with pleasure or buisness with compassion, you will not do either one right.
Vast fortunes in buisness were not amassed by being compassionate. You have to take personal
feelings out of them, detach yourself from the customer and the buyer and the product.

[wootini]

What happens in global marketplaces (let's face it, TRF's for sale section is global) is that perceptions vary. For example, look at this listing. The seller says he is firm at XYZ price because "ADs are not discounting anymore". Well, maybe they aren't in his area, but they are in the US in smaller markets... and quite heavily (I recently negotiated a brand new GMT2C down to $6500 from an AD in the US). So what happens is you get a divergence in what is considered acceptable practices regarding negotiations. Some sellers feel 'lowballed' while some buyers feel that sellers are being greedy.

It's just the watch market and how it is perceived differently around the globe. Discounting happens (and very deeply I might add on an A-mark product [50% MSPR cost to ADs] like Rolex watches) in some areas, and not in others. Hence, we get a myriad of perceptions upon how the used market should operate.

No one is incorrect in how they observe. But we should be aware that everyone sees things differently, and thus act accordingly.

[Rolex Junky]

Originally Posted by wootini

What happens in global marketplaces (let's face it, TRF's for sale section is global) is that perceptions vary. For example, look at this listing. The seller says he is firm at XYZ price because "ADs are not discounting anymore". Well, maybe they aren't in his area, but they are in the US in smaller markets... and quite heavily (I recently negotiated a brand new GMT2C down to $6500 from an AD in the US). So what happens is you get a divergence in what is considered acceptable practices regarding negotiations. Some sellers feel 'lowballed' while some buyers feel that sellers are being greedy.

It's just the watch market and how it is perceived differently around the globe. Discounting happens (and very deeply I might add on an A-mark product [50% MSPR cost to ADs] like Rolex watches) in some areas, and not in others. Hence, we get a myriad of perceptions upon how the used market should operate.

No one is incorrect in how they observe. But we should be aware that everyone sees things differently, and thus act accordingly.

If I may be so bold to enquire what AD was this? Sounds to good to be true in all honesty.

[TB21]

Maybe it's just me but a good deal in my opinion is when I get a good deal and the seller makes a fair profit. I simply would not be happy taking advantage of someone else. I own my own Company and this is the way I like to do business I am not saying that what you do is wrong I just would not do business with you. If its my game to play when I come across someone that is trying to steal something for below fair value I take my marbles and go home.

[cgjane]

Originally Posted by humvee

I agree. Well said. It is human nature to want somethnig for nothing. It is called GREED.

Sorry man, its not greed if you want to save a few $.

Its a way of life.

My parents are well off with rental properties and 2 businesses that are doing GREAT. They still shop and save the way they did 30 years ago when they were 9-5ers....

My mother says its a great feeling to go ANYWHERE and know SHE CAN BUY ANYTHING on the spot. But its the a better feeling for her KNOWING she got a great deal on the item.

I agree with those that have said, its a business. If you dont want to sell your item to that individual, then dont sell.

Dont take things personally.

[wootini]

Originally Posted by Rolex Junky

If I may be so bold to enquire what AD was this? Sounds to good to be true in all honesty.

this was not the first AD I approached with such an aggressive price. several passed on 15-20%, which was my target discount. but i did find one who met me halfway between 15-20% so that's the way i went.

who it was will remain anonymous, as such was my agreement with the dealer in question... and i will respect that agreement. and since i highly doubt you'll get on a plane from the netherlands to make a purchase anytime soon it would do you no good anyway.

i have nothing to gain by taking time out of my day to lie to perfect strangers. believe it or not, discounting is rampant in the states as long as you're not in a major metropolitan area. times are very, very tough in the south and ADs are all open to negotiations. they can either 1) be a rolex dealer that discounts, or 2) be out of business... it's an easy choice for most of them.

[Buschy]

just for the records. "trusted sellers" lowball the crap out of you, that's how they make their money.
I will say that out of all the pieces I sold on here, Richard was the only one that didn't offer a "lowball" offer IMO. I sold every watch on her at what I consider. Lowball. When you sell and your not a flipper you more then likely sell for low.

[TattooedGQ]

Originally Posted by TempoKing

I love Indian proverbs & am smilling right now

How about Chinese proverbs?? Go to bed with itchy ass, wake up with smelly finger!!

[BNA/LION]

I guess my point is: buyer or seller, being polite, patient and considerate of one another is the best way to do business.[/QUOTE]

WOW! I totally agree. One additional thing to consider, Don't be Greedy!

[Rolex Junky]

Originally Posted by wootini

this was not the first AD I approached with such an aggressive price. several passed on 15-20%, which was my target discount. but i did find one who met me halfway between 15-20% so that's the way i went.

who it was will remain anonymous, as such was my agreement with the dealer in question... and i will respect that agreement. and since i highly doubt you'll get on a plane from the netherlands to make a purchase anytime soon it would do you no good anyway.

i have nothing to gain by taking time out of my day to lie to perfect strangers. believe it or not, discounting is rampant in the states as long as you're not in a major metropolitan area. times are very, very tough in the south and ADs are all open to negotiations. they can either 1) be a rolex dealer that discounts, or 2) be out of business... it's an easy choice for most of them.

If he needs the business you would be doing him a favor by posting his name. Just saying.

[rick999]

As a soon to be buyer, this is a great thread

For me i perfer $xxxxxx firm, you know where you stand

[TempoKing]

Originally Posted by springer

Hey Tempo, where do I get one of those cryptographs!

.......................................You are gooood my son - real good...

[Brian J]

Originally Posted by TB21

Maybe it's just me but a good deal in my opinion is when I get a good deal and the seller makes a fair profit. I simply would not be happy taking advantage of someone else. I own my own Company and this is the way I like to do business I am not saying that what you do is wrong I just would not do business with you. If its my game to play when I come across someone that is trying to steal something for below fair value I take my marbles and go home.

Excellent point. I've done deals that I negotiated heavily and felt guilty afterwords.

The line between greed and just getting a good deal can get blurry at times.

[Jeffa32]

At the end of the day, the web allows both buyers and sellers to compare global pricing on any goods. There shouldnt be any surprises if you do your research

Good negotiators always have options and have thought through the deal and what else they could ask for.

My last purchase through an AD, I got a free service included and a strap after the dealer couldn't go any lower. He probably recharge the strap to the brand rep and the service doesn't cost what you pay. Understanding price vs value is the key.

Above all be respectful and you can always walk away. You never know when your paths will cross again!