If you post a (maybe) $2000 car on Craigslist, asking $2500, and it doesn't sell for the duration of the ad, what makes you think that if you repost it again for $500 more that it will sell, then?
If it is priced "fair" sometimes people think fair is too cheap. Many people figure if it is too cheap there must be something wrong with it and they won't call.
The buying public seems to live their lives to b itch and if they have nothing to b itch about then they try to find something to b itch about.
The buying public also has in their head that they must buy things at 20-50% off of the asking price. By listing a low price and taking the low-ballin' out of the equation the buyer doesn't feel like he has won.
If it is priced "fair" sometimes people think fair is too cheap. Many people figure if it is too cheap there must be something wrong with it and they won't call.
The buying public seems to live their lives to b itch and if they have nothing to b itch about then they try to find something to b itch about.
The buying public also has in their head that they must buy things at 20-50% off of the asking price. By listing a low price and taking the low-ballin' out of the equation the buyer doesn't feel like he has won.
Sounds funny but I had the same thing happen. Years ago I listed a car for $400, no response. Listed it again for $695, sold 2 days later for $550. Raising the price actually makes everyone happy.
[This message has been edited by tebailey (edited 01-04-2016).]
Always best to ask for more and let the buyer 'beat you up' and buy it at a lower price! (Your price) I once worked at a sports store that sold golf 'pond balls' (retrieved by divers) $.45 each or two for $.99. It took a couple of weeks before the customers caught on but they all thought they were getting one heck of a deal!
[This message has been edited by steve308 (edited 01-04-2016).]
People do some very funny things. We had a new house in the neighborhood that sat for a year priced at $300,000. It was then priced at $325,000 and sold within two months without any changes to the house, paint, or landscaping.
Yeah, I tried for weeks to sell my '96 Tahoe for $2k but sold it in one weekend once I raised the price to $2600. Guy felt real good negotiating me down to $2200 and we both walked away very happy.
Everyone with a slightly different car for sale always wants to put price up as after placing car for sale as you get so many calls from interstate which can't even kick tires just bother you. So overprice the car and negotiate down to locals that can actually buy.
[This message has been edited by Australian (edited 01-05-2016).]
If you post a (maybe) $2000 car on Craigslist, asking $2500, and it doesn't sell for the duration of the ad, what makes you think that if you repost it again for $500 more that it will sell, then?
It's Craigslist.
Trick is, post it for sale for double of what you actually want, because everybody is going to just offer you half right off the bat anyway.
It's not so much putting a high price just to let people beat you down, it's more putting a high price to show yours is in better condition. I've had a better time selling cars if I hardly budge on the price. Because people realize I must be honest with the price and it's fair, so I'm not budging much. If I go down 1,000 dollars I look desperate to sell it. Also like some have mentioned some people arnt cheap asses like most of us lol. I couldn't sell my CB350 for $400. But someone bought it within an hour after I changed the price to $1000. Because he thought it must be nicer since he's paying $1000 bucks not $400.
So price it high, but fairly. Let them negotiatiate but don't budge to much. Take good honest pictures!!!