What is "low ball"


A lot of ads say something to the effect "no lowballers please". So I'm curious what people think is "lowball".

I'm looking for a percentage from people. I'm thinking less than 75% of asking price is where "low ball" kicks in, but I'm interested in what the general consensus is (if there is one).
jaxwired

Showing 3 responses by jdoris

Ah, one of the eternal questions; quite a few past threads on this.

As everyone is noting, this is pretty subjective, but I'm quite sure that 75% is too high for the lowball line; for example, pristine dealer demos, b-stock, or just sale items often come in with markdowns more than 25%, with warranty. I think it pretty reasonable to look for 60% of msrp for used electronics, and sometimes less for hard to ship speakers.

I've both bought and sold for 60% with no cries of lowballing, but this may be due the fact that I tend to ignore adds with things like "lowballers will be politely ignored," "no tirekickers," etc, because I prefer not to trade with people who initiate transactions by insulting potential buyers. If the seller has a firm limit, they should say so. If the seller doesn't want to list a firm price (thus leaving wiggle room in order to maximize their return), they should entertain offers.

Just my 2c. Takes all kinds.

John

I think this thread should be canned in favor of "How successful are you?" thread, and a "What are your retirement plans?" thread.
Polk432 is my new hero!

Mine too! I think he should replace Newt "Let's put Tiffany's franchises on the moon" Gingrich as the Un-Romney!