NEW Rejected Offers Thread

[gvel]

It’s similar to listing something for $1 on eBay instead of just a “Buy It Now” price.

$1 can get a lot of people emotionally invested in winning whatever it is and that may bid up the price, but there is no guarantee it will sell for higher than a set “Buy It Now” price.

Very different. To begin ebay is an auction website and you're aware of what others are bidding too.

 

[AstroBlasters]

As a follow up, I hypothesize that there are a lot of people on here who would describe themselves as “not really needing points”, but who track resale prices and put in extremely low offers and justify it by saying “I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

As a broker, listing a contract at a low price is a good way to get lots of “price alert” notifications sent out and then do some price discovery to see how many (not all) of those buyers are actually willing to go.

Very different. To begin ebay is an auction website and you're aware of what others are bidding too.

This is why I said “similar” and not “exactly like”.

eBay is not always an auction site. They have a LOT of goods on there now that only have a “Buy It Now” price.

 

[airjay75]

“I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

Fact check: True. Very true.

 

[gvel]

As a follow up, I hypothesize that there are a lot of people on here who would describe themselves as “not really needing points”, but who track resale prices and put in extremely low offers and justify it by saying “I don’t think anyone would ever accept that, but if they did then I would have to buy it or I could convince my less DVC interested spouse because it would be such a good deal.”

As a broker, listing a contract at a low price is a good way to get lots of “price alert” notifications sent out and then do some price discovery to see how many (not all) of those buyers are actually willing to go.


This is why I said “similar” and not “exactly like”.

eBay is not always an auction site. They have a LOT of goods on there now that only have a “Buy It Now” price.

Sure you can buy things "now" like amazon on ebay, but it origins are significant portion of the platform is auction based. My main issue is more of a matter of disclosure.

 

[AstroBlasters]

Sure you can buy things "now" like amazon on ebay, but it origins are significant portion of the platform is auction based. My main issue is more of a matter of disclosure.

Yeah, that’s fair…. but the real world is messy.

I have sniped some other people’s resale contracts a few times where they went in with an offer and before they had a chance to accept a broker’s counter the broker let me know what the buyer was willing to accept and I snagged it.

If this “teaser price, bidding war” system was in place then I may not have gotten it because then other buyers would have been engaged and likely would have had a higher floor than I did.