What is " lowball"


Do any of you have an idea of what constitutes lowball as a general rule. I have purchased things at 75% of asking price and have been ignored at 90%. All my sales have involved some haggling to find a middle ground and some started at what I thought was a lowball, so it annoys me when I am ignored. I guess it is better than getting involved with someone too busy to type NO THANKS and hit send. I'm just curious what everyone considers a rule of thumb in regards to making offers.
mthieme

Showing 1 response by rockvirgo

Mthieme,
Conventional wisdom suggests that while considering offers and counteroffers the seller has a reasonable time to respond. To avoid tying up your dough waiting on that open ended response, nail it down by providing a time limit in your offer. At the same time spell out all your other terms. For example say: I'll give you $$$ paid how and when for XYZ, its original power supply, power cord, box and manual shipped how and when if you respond by 6pm today.

Genuine sellers respond fairly quickly to sincere and reasonable offers. Market testers, wishful thinkers and daydreamers may not respond at all. Making your offer clear and complete paves the way for agreement on both sides.

Once I commit to an offer I give the seller my phone number. If you truly want someone to communicate with you provide them with every means possible.