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 Allis Chalmers and Simplicity Garden Tractors
 Buying/Pricing Guidelines
 Best Offer what is it?
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B112

USA
5195 Posts

Posted - 03/05/2007 :  18:42:47  Show Profile  Visit B112's Homepage Send B112 a Private Message  Reply with Quote
Below are two really good articles on best offer. I never could understand how two offers can be made on a house at the same price and why the first offer might not be taken; a little trading later and working with money, I understood. I see websites which have classified advertising leveraging "Best Offer", I am quite surprised they are doing that and wondering if they are unfairly getting in the way of a seller's right to take a "best offer". One particular site I recall indicating that a best offer must be lower than the price that given with the term "best offer". The problem with this is that maybe one person's best offer is not better than anothers; just like in house selling. Suppose I list something for $100/BO; have you had anyone call you up and say so what's your best offer? How do you measure that someone said, I'll drive over and pay you $80 tomorrow in a voice that you seem to trust? Verses someone being gruff and saying the highest is $80 that I'll pay you. I'd be more likely to take the first offer. Though, what would you think of someone who says you've run your advertisement for a month now, what's your best offer, I want to pay that; personally, I might think that I am not in a rush and wonder why they thought they could influence how long I wanted to list an item. So when might I refuse to take the exact price of my best offer and might change my mind wanting a higher price? That would probably when my phone rang off the hook and many people wanted the item. At that point, I'd take my advertisement down and relist it. Well that's all just somethings to think about, take a look at the links below for a more refined look at tools and analysis about best offers.

eBay's best offer feature:
http://pages.ebay.com/bestoffer/

Is That Really Your Best Offer?
Published: December 8, 2003
Author: Michael Wheeler

http://hbswk.hbs.edu/item/3819.html
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