What is the general consensus on advertised price vs selling price and the negotiations on a price. A friend bought a bike a couple of months ago for about 70% of the asking price after a couple of emails. (Not on the forum) He wasn't pushing the seller, the seller actually kept on dropping the price because my friend was interested, and he was in a rush to sell. This could've been a warning sign, but it turned out good, and he got a good bike for quite a good price.
I watched a video earlier in the week where it was stated that any offer between 100% and 70% is fair game, and below that is a low-ball offer and insulting to the seller. When I advertise something I usually come to a price I think is fair and that's what I advertise it for. I don't add x% to the price with the idea of negotiating the price. I will also look at a bike on the classifieds and if the price is more than I want to pay, I move on. And of course we never see the price it sold for.
Am I theoretically missing out on a bike I'm interested in as the seller added 20% to his/her expected price expecting to negotiate? Is it expected that an offer of 70% will be made, and price negotiated from there? I look at a price and assume that it's the price the seller wants, and I would feel ridiculous offering R120000 (75%) for a bike advertised for R160000. (As an example)
I watched a video earlier in the week where it was stated that any offer between 100% and 70% is fair game, and below that is a low-ball offer and insulting to the seller. When I advertise something I usually come to a price I think is fair and that's what I advertise it for. I don't add x% to the price with the idea of negotiating the price. I will also look at a bike on the classifieds and if the price is more than I want to pay, I move on. And of course we never see the price it sold for.
Am I theoretically missing out on a bike I'm interested in as the seller added 20% to his/her expected price expecting to negotiate? Is it expected that an offer of 70% will be made, and price negotiated from there? I look at a price and assume that it's the price the seller wants, and I would feel ridiculous offering R120000 (75%) for a bike advertised for R160000. (As an example)
