Lowball offers? | GTAMotorcycle.com

Lowball offers?

Lowball = $500 - $800 + of asking price *depending on bike...

Many ads state price is negotiable but lowball offers are ignored :confused:
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They post something like $5300 for the bike and are looking to get $5000 but they don't put it that way. Then you throw a price say $4800. They say meet at $5000 and they get their price they wanted. If someone comes with $5300 then he's the sucker I guess. So they are "negotiable" for around $300...
 
Weird, I was looking at one ad that said NO LOWBALL OFFERS. When I contacted the seller to arrange a viewing he said it had been sold. I asked him how much he got for it and he said $4000 (asking $4900).

S500K said:
Lowball = $500 - $800 + of asking price *depending on bike...



They post something like $5300 for the bike and are looking to get $5000 but they don't put it that way. Then you throw a price say $4800. They say meet at $5000 and they get their price they wanted. If someone comes with $5300 then he's the sucker I guess. So they are "negotiable" for around $300...
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Go ahead and low ball, obviously if it is ignored they won't accept that price, wait a week and try again, if someone is desperate to sell something they will accept half the price, if they aren't desperate they will wait for the price they want.

They can't actually ignore it, they have to look at the offer to realize its a low ball. Its just a weak tactic to try and force higher price perception, or narrow the field of offers to be close to the price they want (not always deserve).
 
I asked him how much he got for it and he said $4000 (asking $4900).
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I guess he knew he was going to get in and around $4000 so he just posted high hoping someone has the cash to pay up. And....this....
Depends entirely on the situation.
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I personally when selling a large item (car, bike) try for much higher if not in a rush and then I can come down alot as time goes by or if there is a good offer
ie. Ask for $5300 where as most people would think I'm looking to get $5000 for but I would actually be looking for $4500. Then if they talk me down below $5000 then they think they are getting a steal and are happy and so am I.
But as stated above it depends on the situation and the seller.
 
actually be looking for $4500. Then if they talk me down below $5000 then they think they are getting a steal and are happy and so am I.
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Bingo! I've seen some 04-06 600 supersports being price for $8000 stock with enough km on them...they're just waiting for a desperate sucker to either pay that or get it at a steal for $7500, when they would be happy to get $6500 or less...people these days.
 
I don't care how much a seller asks for his bike, because usually it's way too much. I check KBB, NADA prices of the bike add ~5% and that's the price I'd offer for the bike if it's in ABSOLUTELY perfect condition. Any blemishes or unusual high mileage - and the cost goes down. Also, I'm not willing to pay extra for aftermarket parts. Some people believe that aftermarket items add value to their bike. They do not! What someone likes the other may not...
 
Personally if I was selling my bike or car right now, I would list it a little bit lower than what it's worth and put "absolutely no negotiation, take it or leave it" in my ad.

Low ballers are just idiots, trying to screw you over, but having said that, many people selling their bikes are absolutely out of touch of how much their bike is worth.
 
Some people believe that aftermarket items add value to their bike. They do not! What someone likes the other may not..
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Performance items, full exhaust etc do. Visual additions don't.
 
It's all about perception and everyone is different. Providing the sellers asking is reasonable to begin with, 50% is an insult, 75% isn't. Just how I perceive things.
 
The Road Warrior said:
Personally if I was selling my bike or car right now, I would list it a little bit lower than what it's worth and put "absolutely no negotiation, take it or leave it" in my ad.

Low ballers are just idiots, trying to screw you over, but having said that, many people selling their bikes are absolutely out of touch of how much their bike is worth.
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That's what I did, I purposely listed my bike at a value below the current going Kijiji rate. I wanted to have a quick sale and it was still almost what I paid for the bike 1-2 years ago. Didn't get haggled, so I think both me and the buyer were happy with the price.
 
S500K said:
Performance items, full exhaust etc do. Visual additions don't.
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You might get like 10-20% of what you paid for it back but thats like $100-$200 for a $1000 exhaust and thats if its like practically brand new.
You will never get close to the money in extras you put in.
 
jeffjones said:
You might get like 10-20% of what you paid for it back but thats like $100-$200 for a $1000 exhaust and thats if its like practically brand new.
You will never get close to the money in extras you put in.
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Exactly!
When I sell my bike, I usually remove all (well, almost all) aftermarket parts and sell them separately. That allows me to price the bike resonably. I sold 3 bike in the last 5 years and they all were sold in less then a week to the very first buyer.
 
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I've always kept my bike stock. The performance thing has been mentioned so I just wanted to see what others say, people also said they keep the stock stuff and return it to stock form and then post it.
 
I've been eyeing a bike near my cottage for about 2 weeks now. He is asking $3500. Prices in Toronto are typically around $4000.

Should I offer $3000 and see what he says?
 
So, is a person a lowballer if they offer a reasonable amount, even if it's substantially below the sellers ridiculously high asking price?
 
Alvito said:
I've been eyeing a bike near my cottage for about 2 weeks now. He is asking $3500. Prices in Toronto are typically around $4000.

Should I offer $3000 and see what he says?
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Walk up, do an inspection. If you think it's worth it, offer $2750 cash in hand. Show him it's all you've got. Hard to walk away from (reasonable amount of) cash if you're a seller.
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