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Posted

 

So what I have learnt/established in my 167 post is

  • You must always sell to the first person calling dibs on your item. Regardless whether number 3 is a easier sale logistically, or a more reliable sale through prompt and quick responses vs that number 1 guy just not returning any of your communication with good frequency
  • As a seller, one cannot respond to under estimated market demand with a higher price, because everyone must be perfect with their research.
  • It is morally acceptable to let the seller understand that he got the sales price wrong and he should accept less (and preferably your offer), but one has no moral obligation to let the seller know he got the sales price wrong and he should accept more
  • And a new lesson, that one's opinion can only count if the arbitrary measure of experience (your post count) indicate that you have been around long enough to be indoctrinated to think like everyone else. I never played the person in any of my posts, but tried to reason with I believe is sound arguments. Maybe you can extend the same courtesy and point out where my reasoning is flawed, rather than just wonder about my experience, insinuating that my opinion can't matter regardless of the arguments put forward

I tend to agree with you on the simple fact that morals are mostly subjective, however if a community requires certain behavioural standards to be met one surely risks beign ostracised should you not comply, up to each one personally to decided how important a sense of belonging on thehub is.

 

Think this whole topic would make for an interesting poll

Posted

But as others said - what if you are suddenly flooded with offers to buy and you realise the prize you asking are way too low?

 

We don't know but I would be surprised if it was the initial intention of the seller to do the whole "bait-and-switch" auction thing.

 

I get your point and why the OP is upset, but I really struggle to have much sympathy because even if the seller sold the entry at R3k or R4k HE is still the one that suffered a financial loss in the saga not the OP.

I've been in a similar situation to the seller, and I told buyers offering more money that I already had a buyer, and I stuck to the original price.

Posted

I've been in a similar situation to the seller, and I told buyers offering more money that I already had a buyer, and I stuck to the original price.

 

In that situation were you also selling that product at about 10% of it's underlying value taking a 12K knock on it?

Posted

I've been in a similar situation to the seller, and I told buyers offering more money that I already had a buyer, and I stuck to the original price.

If you sell your house and someone offers more than the asking price, you would obviously refuse their offer and stick to the original asking price then ???

Posted

 

So what I have learnt/established in my 167 post is

  1. You must always sell to the first person calling dibs on your item. Regardless whether number 3 is a easier sale logistically, or a more reliable sale through prompt and quick responses vs that number 1 guy just not returning any of your communication with good frequency
  2. As a seller, one cannot respond to under estimated market demand with a higher price, because everyone must be perfect with their research.
  3. It is morally acceptable to let the seller understand that he got the sales price wrong and he should accept less (and preferably your offer), but one has no moral obligation to let the seller know he got the sales price wrong and he should accept more
  4. And a new lesson, that one's opinion can only count if the arbitrary measure of experience (your post count) indicate that you have been around long enough to be indoctrinated to think like everyone else. I never played the person in any of my posts, but tried to reason with I believe is sound arguments.  Maybe you can extend the same courtesy and point out where my reasoning is flawed, rather than just wonder about my experience, insinuating that my opinion can't matter regardless of the arguments put forward

 

The basic understanding is that in an auction, the starting price is the minimum price that the seller is willing to accept, and that the desire of the bidders is the deciding factor in determining price/value.

 

In a negotiation the seller, if he opens the negotiation effectively sets the ceiling price, which is then the offer he wishes the buyer to accept.  The buyer then has the prerogative to haggle/negotiate a lower price on a first come-first serve basis, until a mutually acceptable price point is reached.  Once hands are shaken, (ie offer is accepted) then the seller is morally bound to honour the agreement regardless if a later (and better) offer is made by another buyer.  If the seller feels that the buyer is haggling to much he can withdraw his offer and then propose a new offer (at an increased price) to other buyers.  While negotiations are being undertaken, it would be construed as bad form for the seller to attempt to increase the selling prince beyond the original ceiling price, as that would constitute a new offer, and the cancellation of the negotiation process. In the end once the sale is concluded it cannot be reopened.

 

It is thus important to indicate whether you are auctioning off an item, or you are selling an item at a determined price, as this affects the negotiation process.

Posted

In that situation were you also selling that product at about 10% of it's underlying value taking a 12K knock on it?

It's really easy to be moral with other people's money!

Posted

So you don't think he raised any good points at all?

 

Is thehub a buyers paradise where the only way a price can go is down?

Apparently so. 

 

The real issue here is that a lot of Hub buyers constantly scour the classifieds for bargains on a daily basis, MANY of whom look for resale opportunities (just search for threads about THAT little chestnut).  They have ZERO morality around paying 10% of the value of an item, regardless of the cash bloodbath the seller is taking (case in point a W2W entry for R2K).

 

But then god forbid the seller changes his mind, or wises up - whatever the reason, its HIS PREROGATIVE.  THEN the crying, b1tching and moaning starts, and carries on for 5 pages about ethics,morals and other such nonsense.   The sense of self-entitlement is amazing

Posted

But then god forbid the seller changes his mind, or wises up - whatever the reason, its HIS PREROGATIVE.  THEN the crying, b1tching and moaning starts, and carries on for 5 pages about ethics,morals and other such nonsense.   The sense of self-entitlement is amazing

 

Actually, it's not his prerogative. Once someone accepts your offer to sell you have an obligation to sell on those agreed terms. There are no backsies in terms of the law.

 

If someone offers you less than your advertised price however, you have the full right to tell them to **** right off, and no agreement is in place as the offeree did not correspond exactly with the offer.

 

Unfortunately it's not worth the legal time and cost to pursue these cases, but it doesn't make the seller any less of a knob.

Posted

regarding the whole 1000 post count guideline some people go by, how do you determine if it was 1000 useful or contributing or acceptable posts as opposed to posts that are actually spam by purposely avoiding the multiquote feature?

Double standards everywhere :thumbdown:

 

This is not just an arb number but one that has stood the test of time.

 

rouxtjie happened upon this number.

 

You too will one day come to understand it's significance - you will.

 

It,s a proven number.

Posted

If you sell your house and someone offers more than the asking price, you would obviously refuse their offer and stick to the original asking price then ???

From my understanding about house sales offers, this comparison is invalid and irrelevant.

If a buyer makes an offer on/below your sales price and the seller agrees, they are legally bound to that price and if someone comes offering the same price with an extra zero on it, its too late. So yeah, this comparison doesn't fit the context of this thread

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