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- #61
adamhenry
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- Jul 2, 2014
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Thanks for the tip!Take out the sentence in bold. It's all about making them walk away from the sale with dignity. The types of people who will accept your lowball offers are the types of people who are in dire straits- they need to pay rent or the mortgage or the car payment. Even though these guys are desperate for cash, you don't want them to read the fact that you are lowballing them.
A lot of guys get turned off by the term "lowball". They will say in their ad "no lowballers or craigslist bullshit", yet if you offer them 50% of their asking price I get some "yes" in there.
I always send out a short and sweet-
"Hey, I can give you [$x] for the [x]. I've got cash in hand and can meet you or pick it up today. Let me know if you're interested. -Alex"
Generally if I get a reply, it's a yes. If not, they usually just ignore me, which is no big deal, on to the next one.
I realized this myself yesterday, before your post. But what also occurred to me was that mentioning lowball might also indicate a negotiation - I.e. "here's my lowball offer, what's your counteroffer?", whereas just saying " this is how much I can pay" might not.
So I replied to three ads yesterday with this modified script, similar to what you suggested:
"Hello,
I can give you $75 cash for this bike, can pickup tonight 9pm.
Thanks!
Adam"
One of the ads was for a bike that was listed at $125, and already a good deal at that. The guy accepted my $75 offer without negotiating, which was exactly 60% of his asking price.
Picked up the bike last night - not including in my cash flow analysis because I'm keeping this one for myself, but will use this tactic now for my business purchases.
Another one was for a bike listed for $180, where I offered $100. Guy replied that if it didn't sell in his garage sale today he'd be in touch.
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