A recent sequence of events illustrates a sellers initial ignorance. A shaper fence was listed a couple of weeks ago with a starting price of $25(IIRC). I inquired as to the mounting hole spacing since it appeared to be a Mark VII version. The seller responded with a measurement that confirmed my guess.
Next thing I know the item is 'ended' and relisted with a starting price of $85(again IIRC) or make offer.
Now it is described as a 'Very Rare Mark VII fence'!:D
It sold for $49.99 - one bid!
what to pay?
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JPG
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
The SPT's that are clearly visible in that photo are alone worth $1k at going E-Bay prices, so add the 510 and the unknown factor (what else is in all that pile) and this would be a bargain at $1k IMO...not to say playing your cards right could get it for cheaper but just as likely is a seller with an unreasonable expectation of it's worth...I agree that you ask the seller to name their price as a starting point and respond from there. Certainly used SS are a buyers market regardless of condition and what's included, so you certainly have that in your favor.
'78 Mark V 500 #27995 (my Dad bought new)
'82 Mark V 500 #96309
Two '47 10E's (serial#4314+6149) - one a dedicated drill press and the other a lathe
Two 10E/ER in parts slowly being restored…#26822 and #????? (SS plate missing)
SPT's: Bandsaw, Belt Sander, Strip Sander, Jointer, Jigsaw, Biscuit Joiner
'82 Mark V 500 #96309
Two '47 10E's (serial#4314+6149) - one a dedicated drill press and the other a lathe
Two 10E/ER in parts slowly being restored…#26822 and #????? (SS plate missing)
SPT's: Bandsaw, Belt Sander, Strip Sander, Jointer, Jigsaw, Biscuit Joiner
I'm not much of a believer in haggling (moral reasons). I do my research and if they have a high starting price I ask if that is their best price, if yes, I figure out how much I want it versus realistic price. If they say "make me an offer". I give them my "best offer" take it or leave it. If they say no I thank them for their time and walk away.
When selling, I list with my lowest accepted price (not interested in how much more I can 'squeeze' out of someone) and add to the listing that they can offer less if they like hearing the word "no".
I know all the psycho-babble mumbo jumbo (technical term) that goes with negotiation (even have a degree in it) so could have taught about buying and selling like Pay versus Spend; saying that "nothing is better than xyz (but then again nothing is worse)
blah, blah. I use an idea based on being upfront and trying to say what I mean. Yup, that is why I failed as a politician.
But then that is just me.
When selling, I list with my lowest accepted price (not interested in how much more I can 'squeeze' out of someone) and add to the listing that they can offer less if they like hearing the word "no".
I know all the psycho-babble mumbo jumbo (technical term) that goes with negotiation (even have a degree in it) so could have taught about buying and selling like Pay versus Spend; saying that "nothing is better than xyz (but then again nothing is worse)
blah, blah. I use an idea based on being upfront and trying to say what I mean. Yup, that is why I failed as a politician. But then that is just me.
I don't like when a seller says make offer either. It either means they really have no idea and didn't try to see what others sold for, or they are hoping a sucker comes along and offers too much. In my experience, you can tell which side of that they fall into if they won't give a ballpark within two e-mails.
I stick to the same pattern. First ask what price range they are thinking. No answer, tell them you don't want to be rude and offend them with a lowball offer. That's usually the dividing point where you can tell which type of "make an offer" seller they are.
If they were they kind that had no idea, I make a low but fair offer but support it with why I think its fair and try to show some evidence.
If they are the type just angling for money, I tell them we are to far apart to even bother negotiating. Sometimes they take the bait and come down, but sometimes they just keep waiting for a sucker. Whatever you do, only use anonymous Craigslist email with this guy. I've been getting texts at all hours of the night for 3 months from a guy in St Louis selling a 14' jon boat he "improved" and wants a ridiculous amount for.
I stick to the same pattern. First ask what price range they are thinking. No answer, tell them you don't want to be rude and offend them with a lowball offer. That's usually the dividing point where you can tell which type of "make an offer" seller they are.
If they were they kind that had no idea, I make a low but fair offer but support it with why I think its fair and try to show some evidence.
If they are the type just angling for money, I tell them we are to far apart to even bother negotiating. Sometimes they take the bait and come down, but sometimes they just keep waiting for a sucker. Whatever you do, only use anonymous Craigslist email with this guy. I've been getting texts at all hours of the night for 3 months from a guy in St Louis selling a 14' jon boat he "improved" and wants a ridiculous amount for.