diymirage
HP@idle > hondaHP@redline
Ill give you $500 cash for that volare right now, nice stack of crisp 20s
What Does "Reasonable Offer" mean?
- Thread starter mopowers
- Start date
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Ill give you $500 cash for that volare right now, nice stack of crisp 20s
diymirage
HP@idle > hondaHP@redline
Not just that culture, most of Europe
Here's a good story for ya, two, three years ago I went out to look at a charger, took it out for a test drive and when it got time to talk payment i had to ask what his bottom line was
he said he couldnt go any lower because of all the work he had done to it
i told him, hes probably right, as for as miles, age and price go, that was the best deal i had seen in a while BUT mom would get mad at me if i didnt at least try to haggle
he said, well, you can tell her you met a stubborn Dutchman who wouldnt budge
so i said, now hold on a minute, are you Dutch or Dutch descendant?
he said, no i am Dutch
to which i replied
well, in dat geval zouden we dit gesprek in het nederlands moeten voeren
dus nogmaals, ik weet dat je der vijftien duizend vijf voor will hebben, maar kunnen we vijftien duizend doen?
the look on his face was priceless and it was clear he had no idea what i said
so he said you got me, ill knock a few hundred off for that
How about the dorks that ask this....?
Will you take payments?
Yes I will. You make ONE payment then you can take the car. It really is that simple.
Will you take payments?
Yes I will. You make ONE payment then you can take the car. It really is that simple.
Jeremiah (jd)
Well-Known Member
I think the verbiage gets messed up as time goes on with some of these for sale ads. Typically one would say reasonable offers will be considered. In my case it depends on what I have going on that week. If I am asking say 15k and there is something I am wanting to buy 12k might make the sale go through. If there isn't a spwcific need for funding I'm more likely to stay above 14k. As said prior, you have to start somewhere.
Wvbuzzmaster
Well-Known Member
Adding my 2 cents. Reasonable offer is based on do you need it, and when was one last available. Hens teeth items that no one wants already are subjective as heck, but if that’s what you want, reasonable to buyer may be ten times what it’s worth if you spent 4 years looking for it.
I saw a listing on FB a few years ago for 72 Duster bucket seats with brand new upolstery within driving distance in black. Exactly what l was looking for, listed fir $950, with two messages below saying “pm sent” so I sent my own message 100% sure they were gone. My message was to the effect of “I know I’m not the first to message but I know the value of these and that you are underpriced, so I am more that happy to pay what you are asking.” Next morning he messaged and we set up a time to meet. Why did I get the deal was my question, and his answer was the last two guys didn’t even offer him $500. He didn’t need the money, he sold the car while the seats were at the upholstery shop and the buyer didn’t want buckets, he liked the bench seat, so this guy just wanted upholstery shop cost covered out of them.
So if I were to answer what is a reasonable offer… the first question is what’s the reasonable value of this item. Are you close to asking price? Are you willing to risk losing the item by pissing off the seller with a lower offer of any amount? Do you have something that makes you the reasonable option such as “stating exactly what you are willing to pay and how quickly and easily you will close the deal if offer accepted”. Or is this not a question of value of the item on the market, but intent such as, using it for yourself or flipping it next week for profit.
I saw a listing on FB a few years ago for 72 Duster bucket seats with brand new upolstery within driving distance in black. Exactly what l was looking for, listed fir $950, with two messages below saying “pm sent” so I sent my own message 100% sure they were gone. My message was to the effect of “I know I’m not the first to message but I know the value of these and that you are underpriced, so I am more that happy to pay what you are asking.” Next morning he messaged and we set up a time to meet. Why did I get the deal was my question, and his answer was the last two guys didn’t even offer him $500. He didn’t need the money, he sold the car while the seats were at the upholstery shop and the buyer didn’t want buckets, he liked the bench seat, so this guy just wanted upholstery shop cost covered out of them.
So if I were to answer what is a reasonable offer… the first question is what’s the reasonable value of this item. Are you close to asking price? Are you willing to risk losing the item by pissing off the seller with a lower offer of any amount? Do you have something that makes you the reasonable option such as “stating exactly what you are willing to pay and how quickly and easily you will close the deal if offer accepted”. Or is this not a question of value of the item on the market, but intent such as, using it for yourself or flipping it next week for profit.
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harrisonm
Well-Known Member
I think anything below 70% of what you are asking is a low ball. That being said. I no longer say, "Or best offer" in ads. I try to list things at a reasonable price. So if I were to advertise a nice 69 Barracuda bumper for $500 (just a wild example), that is pretty much what I want. If you say, "$500 OBO", you might as well advertise that $500 isn't really your asking price, and you expect to take less. Here is what I do. If I get an offer of $400 on that bumper, and I am willing to accept that but would like more, I say that if it doesn't sell in 3 or 4 days I'll take the $400. A lot of times people don't want to take the chance of waiting and losing the item. so they offer more. Or you can just dicker.
Dartswinger70
Well-Known Member
Its a game its kind of like when you see a car on Craigslist with a too good to b e true price you call and they say "a guy was just here and offered me...$*** for it ..." and its way more than what was asked etc.
Reasonable offer seems pretty self explanatory to me, do you have to follow the sellers request that's up to you but to act like you don't basically know what is meant by it is a little ridiculous. And yes the seller can be out of their mind on asking price but still you basically know what they mean by reasonable offer even if it don't seem reasonable to you.
6PakBee
Well-Known Member
Yup, similar to my loan program, 100% down, no payments.
mopowers
Well-Known Member
So, what is it then? Is it a percentage of the asking price, or is based on your opinion of the actual value (regardless of the asking price)?
The problem is the key word "reasonable" and reasonable to the seller is different than the buyer. One reason why "reasonable" doesn't work. Also, we know how unreasonable some people can be.
1st it's not what's reasonable to you, it's what the seller deems reasonable.
2nd people keep saying the seller can aways say no, shouldn't be a big deal, saying reasonable offers only is obviously saying NO automatically to unreasonable offers, why they said it.
3rd There obviously isn't a hard line where every seller gonna be the same but it's quit obvious to me offering under 70% is probably universally considered unreasonable, I'd say 80% and above most would be considered reasonable, 70-80% being a gray area which most probably won't get to bent out of shape over. Why I said basically, I would think most sellers mindset be something like this, don't think it varies as much as some are making it out to be.
Jeremiah (jd)
Well-Known Member
Trades accepted : cash
Why would I pay $500 for a 69 Barracuda bumper that's rust pitted when I can get a repop from AMD for $300.
I assume most sellers mean what they find reasonable which would be close to asking price which most add a bit to cause they know people gonna offer less.The problem is the key word "reasonable" and reasonable to the seller is different than the buyer. One reason why "reasonable" doesn't work. Also, we know how unreasonable some people can be.
If asking 10k for your car hoping to get around 9k your not wanting to hear from people offering under 7k. To me it makes perfect sense but what do I know lol.
mopowers
Well-Known Member
70-80% seems reasonable to me, unless of course it's way overpriced to begin with. At that point, I wouldn't even make an offer.
Most would agree, why I said it's pretty self explanatory, It shouldn't be too hard to guess ruffly what the seller would consider reasonable, sure you might find the odd one sense of reasonableness be out of whack, but I think most people are in the same ballpark.
harrisonm
Well-Known Member
HA HA. My bad. I should have mentioned that it was just a theoretical example. I actually wondered if anybody would catch that. Good catch.
One of my friends always tells the buyer to make me an offer I can’t refuse. Most offer 10 or 20% less. He says he likes to get closer to 90% of his asking price. Ofcource this depends on the guys attitude. Kim
Bennoel 10
Well-Known Member
I believe offering 10 to15% off of the asking price is reasonable and not an insult.
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Don’t u mean off?
I give informed offers, and can always back up my information. Unfortunately, people are not informed and expect to get BJ money for basically junk. My most recent example….
Saw this car up at the rental shop in town. Owner was in Germany and wouldn’t be back for a week or so, so I looked it over. Found the transfer of title in the glovebox from 1999. 6 cyl, 3 speed on the tree, he bought it, took it home and put it in his barn. Supposed to be a family project that never happened. He wanted $7500. I waited for him to come back and went to talk to him. I drove my 66 convertible commando car that I had for sale for 2 years or more for $7500 with no buyers. Running and driving and much rarer than his car. His had been repainted, a shoddy interior job to change everything over from turquoise to red, and the outside from turquoise to black. I offered him $1500, he got pissed and said he was going to put it back in the barn, and when he died his kids could junk it. I tried to get a counter out of him, and told him why my offer was so low, but he didn’t want to hear it.
Was my offer reasonable? Yes! With the amount of work to go through a /6 3 speed that had been off the road for at least 25 years, and maybe more, against his price and my car that didn’t sell for $7500 for over 2 years? But people don’t want to hear logic, and true information. Car is gone now, probably back in the barn where it will die on Pride Hill.
Saw this car up at the rental shop in town. Owner was in Germany and wouldn’t be back for a week or so, so I looked it over. Found the transfer of title in the glovebox from 1999. 6 cyl, 3 speed on the tree, he bought it, took it home and put it in his barn. Supposed to be a family project that never happened. He wanted $7500. I waited for him to come back and went to talk to him. I drove my 66 convertible commando car that I had for sale for 2 years or more for $7500 with no buyers. Running and driving and much rarer than his car. His had been repainted, a shoddy interior job to change everything over from turquoise to red, and the outside from turquoise to black. I offered him $1500, he got pissed and said he was going to put it back in the barn, and when he died his kids could junk it. I tried to get a counter out of him, and told him why my offer was so low, but he didn’t want to hear it.
Was my offer reasonable? Yes! With the amount of work to go through a /6 3 speed that had been off the road for at least 25 years, and maybe more, against his price and my car that didn’t sell for $7500 for over 2 years? But people don’t want to hear logic, and true information. Car is gone now, probably back in the barn where it will die on Pride Hill.
Hmmm.....I couldn't imagine anything for $1500 that wasn't totally rotted. I never saw the car in person, but $1500 does seem low. JMO.
Reasonable Offer is one that is in line with the market. You have looked at comparables and weighed condition, quantity, availability, and prices for SOLD comparables.
It’s NOT what you’re willing to pay, that’s Best Offer.
It’s NOT what you’re willing to pay, that’s Best Offer.
Bennoel 10
Well-Known Member
Yes that is what I meant. I've edited it now. Thanks
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