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  #1  
Old 05-23-2017, 11:04 PM
AGuinness's Avatar
AGuinness AGuinness is offline
Garth Guibord
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Join Date: Jan 2016
Location: Portland, OR
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Originally Posted by scooter729 View Post
Ok, I will bite. Say the item is listed at $3,000, and you offered $2,500. Maybe the seller is willing to accept that, but before he accepts, he is waiting for something close to 48 hours to see if an offer higher than $2,500 comes in. If so, great and he goes with that. If not, he hits accept on yours before it expires.

What's wrong with that?
True dat. Or another: the seller already has another offer in hand and started negotiating with that buyer first, and now is just waiting to see where that lands.

I'd say a 48-hour window is about the right amount of time for a seller to have (24 hours would probably be too short, given all the things that can happen in life).

BUT, one of the things that separates an average seller and a great seller is that the great seller will reach out and let the potential buyer know the offer was received and will be considered but needs a little time for it.
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Old 05-24-2017, 07:13 AM
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darwinbulldog darwinbulldog is offline
Glenn
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Join Date: Mar 2012
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Originally Posted by AGuinness View Post
True dat. Or another: the seller already has another offer in hand and started negotiating with that buyer first, and now is just waiting to see where that lands.

I'd say a 48-hour window is about the right amount of time for a seller to have (24 hours would probably be too short, given all the things that can happen in life).

BUT, one of the things that separates an average seller and a great seller is that the great seller will reach out and let the potential buyer know the offer was received and will be considered but needs a little time for it.
I used to do that with sales here, telling people who made decent offers below my asking price that I'd get back to them in a day or two and that if I didn't receive a better offer in the meantime they could have it. Then I got back to one of those people a couple of days later, and he said, "Well, if nobody else offered as much as I did then I guess it's not worth so much. You can keep it." So I don't do that anymore.
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