Hello!
This is such a great forum!! It's really good to be able to get practical advice from people who have so much experience.
I currently have a BIN with BO listing that will close in about 6 hours. The best offer I have gotten was about $300 off what I wanted, and the offerer has said 'we'll leave it up to fate etc to see if you get a better offer' and just now messaged me to say, 'I see your listing finishes soon, my offer still stands tonight'.
I appreciate the offer, however I was planning on re listing the item if it doesn't sell closer to my BIN, with either:
1. The current BIN with no BO
2. A slightly higher BIN with best offer option. My current BIN is already very reasonable but I am considering adding a bit more onto it to make it 50% RRP to allow haggling as part of the BO process
Or
3. A BIN with no BO option but a tiny bit less than the current BIN (there are quite a few watchers and there have been a few enquiries maybe this could help people bite).
My concerns are:
How do I break it to this offerer, when the listing was a BIN best offer and I choose not to take the best offer? The buyer is clearly watching the listing thinking if no one else bites they will be in a pretty good position as to be the 'best offer'. I worry they will be upset with me.
And:
Should I target my listing that there will be brand new eyes, so do either a slightly higher price with BiN BO (allowing more room to negotiate) or the current BiN with no BO
Or
Assume the eyes will be the same and drop my price slightly to encourage action.
In all honesty the BIN price is really well priced currently, I'm just trying to get into the head of the buyers as to why they would watch and inquire but not make an offer!!
This is such a great forum!! It's really good to be able to get practical advice from people who have so much experience.
I currently have a BIN with BO listing that will close in about 6 hours. The best offer I have gotten was about $300 off what I wanted, and the offerer has said 'we'll leave it up to fate etc to see if you get a better offer' and just now messaged me to say, 'I see your listing finishes soon, my offer still stands tonight'.
I appreciate the offer, however I was planning on re listing the item if it doesn't sell closer to my BIN, with either:
1. The current BIN with no BO
2. A slightly higher BIN with best offer option. My current BIN is already very reasonable but I am considering adding a bit more onto it to make it 50% RRP to allow haggling as part of the BO process
Or
3. A BIN with no BO option but a tiny bit less than the current BIN (there are quite a few watchers and there have been a few enquiries maybe this could help people bite).
My concerns are:
How do I break it to this offerer, when the listing was a BIN best offer and I choose not to take the best offer? The buyer is clearly watching the listing thinking if no one else bites they will be in a pretty good position as to be the 'best offer'. I worry they will be upset with me.
And:
Should I target my listing that there will be brand new eyes, so do either a slightly higher price with BiN BO (allowing more room to negotiate) or the current BiN with no BO
Or
Assume the eyes will be the same and drop my price slightly to encourage action.
In all honesty the BIN price is really well priced currently, I'm just trying to get into the head of the buyers as to why they would watch and inquire but not make an offer!!
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