Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Reload this Page >

What do you consider a lowball offer

Notices
The Boating Forum

What do you consider a lowball offer

Old 12-31-2011, 08:16 AM
  #1  
Senior Member
Thread Starter
 
Join Date: Aug 2010
Location: Tampa
Posts: 708
Received 30 Likes on 13 Posts
Default What do you consider a lowball offer

The title says it all. Lots of sellers complain about lowball offers but what do you consider that in this market? I realize this is a generalization depending on location, condition of boat, etc., but 30%, 40%, 50% or more below nada/buc?
For example a boat listed at 42k in above avg condition, w/nada putting it at 40k at high retail, 30-40% of nada puts your offer at 24-28k...thats a long way from the asking price but is it unreasonable in this market? A boat at 60k nada, that could easily put your offer at over 20k under asking. Whats your thoughts?
Old 12-31-2011, 08:21 AM
  #2  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2011
Location: Boynton Beach, FL
Posts: 1,249
Received 154 Likes on 75 Posts
Default

it all depends on the market price of what your trying to sell. If that boat your asking for 40k and other sellers are asking around 24-28k then no is not a low ball offer.

But if other boats of its class are being sold for 40k and you come to me with a 24k offer I will have to hold my self back from giving you an open hand slap to the face
Old 12-31-2011, 08:25 AM
  #3  
Senior MemberCaptains Club Member
 
Join Date: Oct 2007
Location: Fort Lauderdale
Posts: 12,798
Received 1,327 Likes on 614 Posts
Default

I dont mind lowball offers at all - its easy to say no thanks.....

Now if I showed you the boat 5 times and someone wasted my time thats another story...
Old 12-31-2011, 08:34 AM
  #4  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2011
Location: SW Florida
Posts: 7,853
Received 1,103 Likes on 730 Posts
Default

I think lowball offers are 30% or more off of the asking price.
When I sold my motor I listed it at about 66% of the blue book and said "firm", not wanting to have a lot of "be backs" and lowballs.
It was gone in 48 hours at the listed price.
Old 12-31-2011, 08:41 AM
  #5  
Senior MemberCaptains Club Member
 
Join Date: Nov 2005
Location: seattle, wa
Posts: 5,935
Likes: 0
Received 27 Likes on 13 Posts
Default

It would depend on whether or not the boat is overpriced.
Old 12-31-2011, 08:55 AM
  #6  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2006
Location: Michigan/Florida
Posts: 42
Likes: 0
Received 1 Like on 1 Post
Default

I would never let a high asking price deter you from offering what you think it's worth.
Old 12-31-2011, 09:05 AM
  #7  
Senior Member
 
Join Date: Sep 2010
Posts: 385
Received 45 Likes on 25 Posts
Default

alot depends on the sellers situation.. moving up, going broke, needs money to pay the house note.................etc.
Old 12-31-2011, 09:05 AM
  #8  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2007
Location: Lakeville Ma
Posts: 5,712
Received 442 Likes on 242 Posts
Default

Do you think this same theory applies to new boats? Whats a lowball offer
to offer a dealer?
Old 12-31-2011, 09:06 AM
  #9  
Senior Member
 
Join Date: Sep 2009
Location: Ft Lauderdale
Posts: 598
Likes: 0
Received 5 Likes on 4 Posts
Default

I lowball the hell outa my offers, and get lowballed all the time on my stuff for sale, all you have to do is say no. Most of the time after a couple weeks/months pass they call asking if im still interested! My favorite are adds that state "not in a hurry to sell" on their first post then a couple weeks/months go by and now "must sell"
Old 12-31-2011, 09:12 AM
  #10  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2008
Location: Seacoast NH
Posts: 6,626
Received 1,520 Likes on 713 Posts
Default

Originally Posted by erny View Post
I would never let a high asking price deter you from offering what you think it's worth.
This is it - I don't know why people get so sensitive around these things. As I buyer I will offer what I am willing to pay. Sometimes I get what I am looking for, sometimes not. As a seller I will put a price on something which I am willing to let it go. If someone offers less, I don't take it as an insult, it just means it is worth less to them then it is to me.

There has been instances where I really want something but just can't afford it, I make the offer explaining it is not meant to be insulting, but it is all I got!
Old 12-31-2011, 09:15 AM
  #11  
Senior Member
 
Join Date: Sep 2008
Location:
Posts: 3,758
Likes: 0
Received 3 Likes on 3 Posts
Default

Originally Posted by CT Striper View Post
The title says it all. Lots of sellers complain about lowball offers but what do you consider that in this market? I realize this is a generalization depending on location, condition of boat, etc., but 30%, 40%, 50% or more below nada/buc?
For example a boat listed at 42k in above avg condition, w/nada putting it at 40k at high retail, 30-40% of nada puts your offer at 24-28k...thats a long way from the asking price but is it unreasonable in this market? A boat at 60k nada, that could easily put your offer at over 20k under asking. Whats your thoughts?
It depends on the seller, If the seller is not a saleman trying to make as much as posable off the buyer because thats his job, Anything less that what the person is asking could be a low ball offer. Not everyone jacks up the price so someone can make a low offer just so they feel good they talked the guy down;?;?;?.
Old 12-31-2011, 09:53 AM
  #12  
Senior Member
 
Join Date: Feb 2011
Location: texas coast
Posts: 1,152
Received 83 Likes on 48 Posts
Default

If you read the posts so far the case seems to be that each sale will be different for all the reasons posted and more. In a good economy low ball offers are rarely successful and therefore infrequently made. In the present economy and for the past 2-3 years many are being squeezed and lowballs have gained traction through desperation or acceptance of current conditions. Cash will almost certainly help the appeal of a low ball offer. Sometimes if you talk frankly to the owner about your offer and let him know it will stand as a back-up until you either buy another boat or he sells his he will become more amenable to your offer in a shorter time frame. Sometimes the allure of living with the offer "in hand" rather than the daily hassel of not selling it is enough to tip the sale...

.

Last edited by boat user; 12-31-2011 at 10:26 AM. Reason: s
Old 12-31-2011, 10:24 AM
  #13  
Admirals Club Admiral's Club Member
 
Join Date: Oct 2011
Location: Lake Camanche, CA
Posts: 556
Received 173 Likes on 100 Posts
Default

Lowball offer over an open forum is a no-no. Send a pm then it becomes between you and seller. But that's just me.
Old 12-31-2011, 01:21 PM
  #14  
Senior Member
 
Join Date: Dec 2010
Posts: 467
Likes: 0
Received 0 Likes on 0 Posts
Default

I think there's a difference between a serious "lowball" offer and the typical A-hole “fishing expedition-lowball” offer. When I'm offering a lowball price I do so respectfully with a reasonable explanation why the offer is low and I make sure I explain just how fast I can give them the money. E-mails from people who never saw the boat but feel inclined to give a lowball offer, I don’t consider serious. So do the right thing, talk to the guy in person and explain why you think your lowball offer is reasonable, if your both reasonable people it should work out. Many people will say, “I just can’t sell it for that,” but if your lowball offer was reasonable, they’re just not going to sell it, it will sit, some people need to be forced into the realization that their boat just isn’t going to sell for what they think it should. It took three years for me to get my current boat priced right from the seller, but in the end I got it for 70% off what initial price was, I just kept a respectful attitude towards the seller and he came around.
Old 12-31-2011, 02:45 PM
  #15  
DWS
Senior Member
 
Join Date: Feb 2004
Location: Yardville, NJ
Posts: 1,322
Received 50 Likes on 33 Posts
Default

I also think you need to know what you are selling, the market conditions as well as the time of year.
When I was selling my whaler the first call I got was from a low baller. His first question was...
how firm was I on the price. same whaler different person asked me what would happen if he
showed up with a check which was $2000 less then my asking price...my response was he'd be leaving with that same check...such good times!
Old 12-31-2011, 02:48 PM
  #16  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Nov 2005
Location: Central Jersey
Posts: 7,961
Likes: 0
Received 2 Likes on 2 Posts
Default

I have a house for sale. I'd welcome any offer. ANY offer at all. I can always say no.
Old 12-31-2011, 02:54 PM
  #17  
Member
 
Join Date: Sep 2010
Location: Scituate, MA
Posts: 79
Likes: 0
Received 1 Like on 1 Post
Default

A lowball offer is any offer less than the lowest amount you are willing to accept.
Old 12-31-2011, 03:11 PM
  #18  
Senior Member
 
Join Date: Nov 2011
Location: CT
Posts: 1,876
Likes: 0
Received 28 Likes on 23 Posts
Default

I don't even get the concept of a "low ball offer." There are just offers.

And the only offers that require any thought are those that are close enough to what you want or need that you will consider them. If an offer is so low you would not consider it, you just say no. What is the problem?
Likes:
Old 12-31-2011, 03:11 PM
  #19  
Senior Member
 
Join Date: Mar 2006
Location: Long Island, NY
Posts: 6,497
Likes: 0
Received 31 Likes on 26 Posts
Default

I agree with triplenet. An offer is an offer, no harm, no foul, make the offer for cash and carry hauling it away, all a seller can do is say no.

But when lots of time has been wasted, looking at it multiple times, demo rides, etc, etc,........different story.
Old 12-31-2011, 03:48 PM
  #20  
Senior Member
 
Join Date: Feb 2006
Location:
Posts: 182
Likes: 0
Received 0 Likes on 0 Posts
Default

It seems we are looking for 'what is an acceptable amount below asking price is the seller willing to take' It's an impossible question to answer. I offered a guy 36,000 6 weeks ago and he declined saying he had to have 42,000,,,now he has lowered his price to 37,000,,,I don't even want the boat anymore as I have more money now and am looking at something else. I'm stuck now also because that something else is 20,000 more then what I have 'I'm wondering how much they will come down" all I can do is offer, it's not a low ball offer, it's just how much money I have.

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.