Author Topic: Buying and selling etiquette.  (Read 3222 times)

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Offline Prospect

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Buying and selling etiquette.
« on: April 25, 2015, 07:56:43 PM »
I just bought a bike that was a screaming deal. I was the first to contact the seller and I offered to buy the bike - sight unseen. I went to pick it up two days later and he said he had many phone calls from other parties interested offering him much more money. He kept his word and sold it to me.

Is this up bidding or offering more money after a bike is sold the norm now? It's all turning into an eBay style shopping. I think if it's sold then it's sold. Better luck next time. Early bird catches...

When that early sandcast was listed last week I was minutes too late and I didn't offer any more money so he would sell it to me.  I would have offered double however.  It's a low move in my opinion.

Thoughts???
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Offline ekpent

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Re: Buying and selling etiquette.
« Reply #1 on: April 25, 2015, 09:34:03 PM »
There is a lot of competition out there and some people will try to do whatever they have to to get the deal and that includes offering more I guess. Remember if somebody has a price listed and the words best offer also that does not necessarily mean the next lower offer but can also work in reverse for a higher selling price point  Glad you had an honorable seller. My advice to anyone who scores a great low price deal is to pick it up ASAP.

Offline seanbarney41

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Re: Buying and selling etiquette.
« Reply #2 on: April 25, 2015, 11:49:47 PM »
All I know is when I am selling something, and I make sure any interested parties understand this, first person to put the necessary salad in my folder gets the merchandise, period....and I expect the same when I am buying.
If it works good, it looks good...

Offline mrbreeze

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Re: Buying and selling etiquette.
« Reply #3 on: April 26, 2015, 01:36:04 AM »
All I know is when I am selling something, and I make sure any interested parties understand this, first person to put the necessary salad in my folder gets the merchandise, period....and I expect the same when I am buying.
Good advice and I would add....don't misrepresent what you are selling....be honest. Keep in contact with the guy you're doing business with.
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Offline Bailgang

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Re: Buying and selling etiquette.
« Reply #4 on: April 26, 2015, 03:21:23 AM »
All I know is when I am selling something, and I make sure any interested parties understand this, first person to put the necessary salad in my folder gets the merchandise, period....and I expect the same when I am buying.

I'd have to agree with that. I've had occasions where a potential buyer claimed to want it and asked me to save it for them only to have that buyer back out of the deal and never show up while in the mean time I passed on other offers because I made a promise to that first buyer. Screw that, now days I make it clear that the first person that puts the cash in my hands is the first buyer regardless of what order they contacted me.
Scott


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scrapvalue

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Re: Buying and selling etiquette.
« Reply #5 on: April 26, 2015, 06:13:05 AM »
I came across a very nice Honda CR250 2 yrs ago on Craigslist for $1000.
The bike was worth more, at least $500.
The guys wife was having another baby and they needed the money right away.
After I loaded up the bike and gave the guy the money and his wife went back in the house, I slipped him another $100 bill and told him not to tell his wife he had it.  Not sure what he did with money, but the look on his face was priceless.

Offline fmctm1sw

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Re: Buying and selling etiquette.
« Reply #6 on: April 26, 2015, 07:01:32 AM »
I was looking at a $300 350F a couple years back standing right next to the seller with cash in my hand when he got another call.  He looked at me and said, "well, this guy is offering me $350 what do you want to do?"  I said tell him he can have it and I left. 

Everyone has a right to do business the way they want but I can't stand that.  I never do that to other folks...
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Offline Prospect

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Re: Buying and selling etiquette.
« Reply #7 on: April 26, 2015, 07:07:36 AM »
Ekpent has a good point. If it says OBO then do the buyers have the option of offering more within the confines of social etiquette? Maybe it should say or best highest offer.
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1969 CB750  Sandcast #256
1971 CB750K1
1972 CB750K1
1975 CB400F
1975 GL1000 Goldwing
1954 Harley Davidson Panhead
1957 Harley Davidson Panhead

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Offline Stev-o

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Re: Buying and selling etiquette.
« Reply #8 on: April 26, 2015, 11:22:24 AM »
All I know is when I am selling something, and I make sure any interested parties understand this, first person to put the necessary salad in my folder gets the merchandise, period....and I expect the same when I am buying.

...potential buyer claimed to want it and asked me to save it for them only to have that buyer back out of the deal and never show up...


I will not "hold" a bike without a deposit, too many flakes on CL. 
As far as I am concerned, a bike is not sold until I have cash in hand.

If you are buying, give a small deposit and get a receipt to close the deal.

Many guys are selling their bike 'cause they desperately need money...first with the cash gets the bike most times.
'74 "Big Bang" Honda 750K [836].....'76 Honda 550F.....K3 Park Racer!......and a Bomber!............plus plus plus.........

Offline Killer Canary

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Re: Buying and selling etiquette.
« Reply #9 on: April 26, 2015, 11:44:08 AM »
When a prospective buyer convinces me that he's serious, I hold the item for him. I take honour seriously.
If it's worth doing at all it's worth over-doing.
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Offline ekpent

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Re: Buying and selling etiquette.
« Reply #10 on: April 26, 2015, 02:04:50 PM »
 I bought a 76F that had just 4848 miles on it around 4 years ago or so from the original owner who was a high powered Chicago architect and the bike was located in Indiana close to his second Lake Michigan house stored with his and his friends very nice sports cars. We made a deal on the phone for $1100.00 but He was not available to meet me for pick-up for around 5 days.  I was sweatin' it thinking someone else would offer more and pick it off as his add stayed up. Well we met finally and he said he could of sold it at least 25 times, was surprised at all the calls. He was a super nice guy and glad I bought it and was going to give it a good home. He had much honor and I still have his bike. Here is a picture of the owner when I picked it up and he was a little sad as I was leaving.
« Last Edit: April 26, 2015, 09:04:16 PM by ekpent »

DH

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Re: Buying and selling etiquette.
« Reply #11 on: April 26, 2015, 08:03:53 PM »
I just went through this very scenario, and bought a 550 frame with title, something I've needed for some time and couldn't find. And the pics of it look good.The guy told me there were other local people interested, but he'd sell to whoever had cash in hand first, (based on previous experiences with insincere buyers). I e mailed him back with a price that was higher than he advertised. He accepted my offer and i pay pal-ed the necessary funds. Shipping the frame thru fed ex turned into a nightmare, requiring him 4 separate trips to the fed ex facility, before they finally accepted the frame. All because they didn't like the way it was packaged. Throughout
the entire ordeal, he kept me posted on what was going on, gave me his contact information, and even his phone number. My frame is on its way from michigan, and I expect it to get here in a few days, with paper work to arrive in the mail. This gentleman went above and beyond, and kept his word throughout the entire process.
I learned about and bought the frame from the "bikes for sale" section here on sohc4.net. from a forum member.
His screen name is     knochgoon24    I'm givin him a big thumbs up for good seller's etiquitte.
« Last Edit: April 26, 2015, 08:09:32 PM by DH »

DH

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Re: Buying and selling etiquette.
« Reply #12 on: April 27, 2015, 05:32:58 AM »
Like the ad says, "You meet the nicest people when buying a Honda!"



And a thumbs up to calj as well. if wasn't for him, Id've probably missed it. :)

Offline Duanob

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Re: Buying and selling etiquette.
« Reply #13 on: April 28, 2015, 11:17:33 AM »


I will not "hold" a bike without a deposit, too many flakes on CL. 
As far as I am concerned, a bike is not sold until I have cash in hand.


that's my attitude when selling on CL. First person with the cash gets the bike.
"Just because you flush a boatload of money down the toilet, doesn't make the toilet worth more",  My Stepfather the Unknown Poet

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Offline kmb69

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Re: Buying and selling etiquette.
« Reply #14 on: April 28, 2015, 02:57:52 PM »
When a prospective buyer convinces me that he's serious, I hold the item for him. I take honour seriously.
Hurrah for you, sir. I agree. Too little honor these days in my opinion but that was how I was raised. A man's word should mean something.

I like to quote someone whose name I can't remember: "The only thing a man keeps beyond the grave is his reputation."


Offline Don R

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Re: Buying and selling etiquette.
« Reply #15 on: April 28, 2015, 07:21:10 PM »
 dang, I misunderstood. I was hoping to buy some etiquette here and sell it at a ridiculous profit.
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Offline rb550four

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Re: Buying and selling etiquette.
« Reply #16 on: April 28, 2015, 09:51:58 PM »
I rarely find a machine for sale in my back yard . So if I'm interested in a purchase I call, tell him when I'll be there, I don't haggle with prices and always bring cash, I always say  please consider his sold when I make the call.  So far I find most people honorable, and stand by their agreement, I always make the purchase at asking price (if it's reasonable ) and pick up quickly after I ask him to consider it sold,  because that's what I agreed to.   I believe  a man is only as good as his word.
 It has happened once or twice that I see an ad on CL that is just stupid high for the condition of the machine, Email the seller and let him know what would be a reasonable asking price , I'll usually make him a standing offer for less , and  tell them  that's what I'm offering  if you are having a rough time making it sell, my offer stands ,call me up and I'll come pick it up. The last ugly chopper and the 77 550 were gotten this way...I made an offer on a posted picture (risky) , wasn't thrilled with the condition of either machine upon pickup , but I always paid my standing offer and was happy to do so because that's the way it is. And respect is always given to the seller so they feel good about the sale too. And  I've heard it forever and it's true, you do meet the nicest people on a Honda. 
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Offline cj750

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Re: Buying and selling etiquette.
« Reply #17 on: April 29, 2015, 05:59:19 PM »
I offered a bike for sale a few years ago. Received several inquiries, but this one guy kept bugging me over the course of several days with persnickety questions, then he finally made an offer that was far below my asking price. I politely declined, and considered that the end of that. But he continued to contact me with questions, and later made another higher, but still low, offer. Which I again declined. Soon after, another buyer contacted me, asked a few pertinent questions, and offered my asking price. He sent a deposit and we arranged for him to pick it up and bring the balance in cash.
The first guy then contacted me with yet more questions, at which time I informed him it was sold. He asked if it had been picked up, and when I said no, he offered me several hundred above my asking price to sell it to him. I offered to let him know if the pending deal fell though, but otherwise I was committed to the deal that had been made.  At which point he became very angry, calling me a fool and an idiot for not selling the bike to him, before I hung up. I slept in the garage that night, worried he would to try to steal the bike or something, he sounded so unhinged. Fortunately, I never heard from him again.
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Offline 72 yellow

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Re: Buying and selling etiquette.
« Reply #18 on: April 30, 2015, 08:09:25 AM »
One of the guys on the BritBike forum used the phrase  "Economy of truth" to describe someone selling a bike stating only the good points in an ad.  I purchased a 71 BSA Lightning through E-Bay.  The seller stated a new wiring harness.  A lot of it was 6 inch pieces of wire soldered together.  A aftermarket speedometer that was actually for a Honda so it never read the actual speed.  And other little points not mentioned.

Offline vfourfreak

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Re: Buying and selling etiquette.
« Reply #19 on: April 30, 2015, 12:42:47 PM »
I offered a bike for sale a few years ago. Received several inquiries, but this one guy kept bugging me over the course of several days with persnickety questions, then he finally made an offer that was far below my asking price. I politely declined, and considered that the end of that. But he continued to contact me with questions, and later made another higher, but still low, offer. Which I again declined. Soon after, another buyer contacted me, asked a few pertinent questions, and offered my asking price. He sent a deposit and we arranged for him to pick it up and bring the balance in cash.
The first guy then contacted me with yet more questions, at which time I informed him it was sold. He asked if it had been picked up, and when I said no, he offered me several hundred above my asking price to sell it to him. I offered to let him know if the pending deal fell though, but otherwise I was committed to the deal that had been made.  At which point he became very angry, calling me a fool and an idiot for not selling the bike to him, before I hung up. I slept in the garage that night, worried he would to try to steal the bike or something, he sounded so unhinged. Fortunately, I never heard from him again.

I can empathise !!
I agree with a lot of the sentiments here, especially about honour, a gentlemann's word and so forth. I've tried to use principles like that in all my dealings in life, both personal and professional.
A few months ago I put my TZ250 Yamaha racer up for sale on fee bay. I was sorry to have to let it go, but really could not see a reason to keep it as all plans had changed in the 10 years since I bought it. I decided it would get a better price if I could prove it was running, so I did a full tear down and a cosmetic restoration while verifying that there was nothing seriously amiss with it.
So I put up the ad with about 12 photos, called out it's merits and demerits and clearly called out that further photos and a video of it running were available. I set up a photobucket album with about 25 more photos of the motor in all stages of rebuild from the gearbox and cranks up, plus a 2 minute video of the brute screaming in front of my neighbour's house.
Grand, on a 7 day listing with lots of views etc, but in the end of the day only two bids both of which were below my (very fair) reserve. Let's call the bidders Mr A and Mr B.
Mr A has the higher bid, but never contacts me. Mr B asks for MORE photos, which I add to photobucket, he sounded like he had no clue as to what a TZ Yamaha is so I am a bit wary. Like why would he want something so specialist without knowing what it is ?

Auction ends without a sale, but fee bay offers a relist, so I did, for 2 days with a lower reserve which was my absolute minimum I would take, otherwise the old girl could get stored for another 10 years. No more bids. OK, done with that.

Then both start sending me messages through EBay. Mr A thinks because he had the higher bid, the bike is his : NO I explain (very nicely) the fee bay process is over without outcome, so all bets are off. Treat with me directly if you wish.

Mr B now wants to actually eye ball the bike and asks if he can come view it, and it transpires he lives (so he says) 40 Km from me, so without anything else to go I give him my number, he calls me and we discuss him coming to view the TZ the next day.
Less than an hour later Mr A asks can he have my number so he can call me to discuss the bike, so I say yes. Speaking to him, it turns out he is a racer, knows the model perfectly and from my photos, video and description knew exactly what I was offering and he offers as near as dammit  my walk away price, it hurt a little, but it was OK - but I made some conditions : buy it at that price, in cash, tomorrow - no haggling or tyre kicking. Turns out he lives 400 Km from me so he had a simple demand - if he is going to commit to a 800 Km round trip the bike better be his. Deal done gentleman's word and so forth.

So to be fair to Mr B, I immediately phone him to say that there is no point in coming to view the bike coz it's now sold. He went absolutely mental, says he has now planned the journey and withdrawn cash. How much cash I asked, seeing as you have not made nor I accepted any offer. He was not to be pacified, but I made it clear there was no business to be done between us and I was calling him as soon as i could as a courtesy.
Next morning I get a call from Mr B saying he is coming round my house with some friends :  "quelques mecs" in French. That never bodes well. Very politely I explained that my invitation to visit me at my home was withdrawn and I hoped that there would be no need to involve the police.
Thankfully Mr A arrived 30 mins later, was the nicest guy I ever met, loaded the bike without any further question/haggling/demands, handed over cash, had coffee and I threw in anything that I had that could be usefull : racing oil, a few bitty spares a PDF of the spares list etc, but all the time with one eye on the gate to see if Mr B had arrived.
I was at my bank about 25 seconds after his departure.

So the moral is : Mr A = sincere buyer that I was happy to facilitate : Mr B = some sort of frikken thug that I am better off never having met (but perhaps that sentiment should be mutual) : and I like to think I sleep easier knowing that was another transaction completed with honour.

Kev


Offline Stev-o

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Re: Buying and selling etiquette.
« Reply #20 on: April 30, 2015, 03:28:02 PM »
I no longer allow potential buyers to come to my house. For obvious reasons....
'74 "Big Bang" Honda 750K [836].....'76 Honda 550F.....K3 Park Racer!......and a Bomber!............plus plus plus.........

Offline vfourfreak

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Re: Buying and selling etiquette.
« Reply #21 on: April 30, 2015, 03:36:09 PM »
I no longer allow potential buyers to come to my house. For obvious reasons....

Hear hear !

Offline Don R

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Re: Buying and selling etiquette.
« Reply #22 on: April 30, 2015, 09:12:42 PM »
 I spotted a 79 standard gold wing on a facebook page for $250. it had been up for 2 hours and had 28 posts. Everyone wanted to come next saturday, make an offer after payday, what's your best price? could you load it into a truck? Trade for a snowmobile?  I said I'd bring cash, a trailer, a friend to load it and come whenever was good for him. He said he'd mark it pending in case I changed my mind. I said I wouldn't change my mind. It turned out he took it on trade for money owed and didn't like or ride motorcycles. I'm thinking of keeping it now that I've made the usual repairs and rode it a couple hundred miles.
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Offline Don R

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Re: Buying and selling etiquette.
« Reply #23 on: April 30, 2015, 09:27:24 PM »
 About 7 years ago  I spotted an ad for a 750 for sale,  The seller was selling it for his brother. He was confident about condition, said it was an 836, ran great when parked, all the usual stuff. I made an offer which he quickly took, and as I handed him the $650 he turned away with a smirk on his face. I could see he clearly thought he got the best of me.
 It had a 74 engine, a mangled header, the muffler was plugged with fiberglass packing, the valves were stuck and had worn a pattern into the pistons where they hit, the frame was rusted and dented but it was low miles, came with a wrinkle tank, new old stock K0 sidecover and a nice set of 19/18" lesters. It's in the low 1014000 range, diecast with the early caliper and master cyl, single cut fender. Yep, he got me alright.
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Offline ekpent

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Re: Buying and selling etiquette.
« Reply #24 on: May 01, 2015, 05:07:58 AM »
   Couple years ago I had a pending deal on a local nice cheap K6 on CL and was supposed to pick it up the next day after 6:00pm when the man got home from work. Had my trailer loaded and called the guy and said I was on my way. He said "What" and said he thought I already picked it up ??  Apparently a couple of smucks stopped by while he was at work and told his wife they were the pending buyers which he was holding for me, paid,loaded it up and took off.  I was pissed on that one and really wanted to find out who these 'buyers' were. That was playing some dirty pool   ::)