Low-Ball offers

[MonBK]

Originally Posted by rolexgiants

Show some appreciation... Lowball?? Not fair??? Insulting???? Anyone who sells on this forum gets a tremendous amount of free advertising and unbelievable exposure to sell these watches.... Its funny to me that the one guy who sells the most watches here never complains about anything... U want to know why??? Because he's smart and just goes about his business!!!!! and another thing... How many of these so called watch wholesalers would even be a part of the forum if they couldn't peddle watches???

I know Oscar was part of the forum before he got fired from his drumjob and started "peddling".

[InTime]

Originally Posted by rolexgiants

Show some appreciation... Lowball?? Not fair??? Insulting???? Anyone who sells on this forum gets a tremendous amount of free advertising and unbelievable exposure to sell these watches.... Its funny to me that the one guy who sells the most watches here never complains about anything... U want to know why??? Because he's smart and just goes about his business!!!!! and another thing... How many of these so called watch wholesalers would even be a part of the forum if they couldn't peddle watches???

well said.

[Buschy]

If you get offended by a low ball offer, you not be selling stuff.
Why in the world would someone that wants to buy something, NOT "low ball" to begin with? Just like someone selling always lists at a "high ball" price.

Whats a low ball anyway? I don't think anything is Low, its the smart thing to do imo. besides, how many times have you made an offer and it was taken immediatly? That means you could have gotten it lower and now where are you.

[Carlos98326194]

I've met a lot of low ballers in different kinds of business transactions/deals/trades that does not involve watches. I am not offended and understand their situation as everyone wants to have the bigger shares of the pie. Natural instinct huh...

But what irritates me is Low ballers who gets offended with their own dose of medicine.
(note: this has nothing to do with the OP as we don't know each other and i do not personally know anyone that i am aware of did have a business transaction with him)

[grew]

I agree with everyone regarding a 30 second polite response to a "lowball" offer. The thing I have great problems with are the people that you agree on a price with, get your payment instructions and go radio silent. It is infuriating.

[Like To Watch]

Low-Ball offers only to those who start well over price.

[Brian J]

Great thread.

I buy and sell boats and run into low-ball offers all the time. I don't take it personally but it is annoying and frustrating. Especially when it come by way of email and with a statement like "you should take this" or "no way it's worth more than that".

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.

[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.

[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.

[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.

[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"

[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.

[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.

[springer]

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

[TempoKing]

Originally Posted by springer

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

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

[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?

[Runnin' Rebel]

Originally Posted by Lol-x

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?

Now that was funny !!!!!!!!!!

[m_allie]

Originally Posted by JAGERVEGAS

Now that was funny !!!!!!!!!!

Mark that was funny .. that guy was trying to build up his post count in a day..lol

[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.

[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.

[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.

[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