A sensible question: What is your protocol for responding to BST offers?

coindeuce

I'm just trying to get a consensus for the protocol of a situation that is probably not unique. A listing on the BST generates a barrage of offers, with the initial responder offering to confirm within a finite time frame. How do I properly respond to subsequent inquiries/offers?

Barndog

I take offers in the order sent

JJM

if your selling them you determine your time frame

Barndog

...and any offers thereafter I tell them there is one or more ahead of them and I will get back with them if the first "buyer" decides to pass

ricko

Those are the rules to go by.... first in, first served.. others in line... Cheers, RickO

DoubleEagle59

I've just started selling on the BST forum and I can relate to your situation.

I think it's best to take the bids in the order of which they came in (assuming of course the bid offer is the same as everyone else's).

If the first offer takes more than 24 hours to commit, then I would respond with an email stating that you have other buyers and you request an answer promptly.

Should be no problem. That's business and you have given the first buyer lots of time.

charley

DoubleEagle59, I would agree, with the added point that if the first responder states a time less than 24 hours to respond to the seller, this establishes the timetable to proceed to the next in line. I would think, out of basic courtesy and respect for other members, that a potential buyer should state a response time to the seller, after any clarification or questions that may have been needed for the buyer to make a decision have been addressed by the seller.Respectfully, John Curlis

coindeuce

Thanks to all that responded, especially Charley. I would like to believe that I responded on the BST appropriately. The listing was successful BTW!!

charley

Thank you, coindeuce, for your courtesy, and congratulations. Respectfully, John Curlis

coindeuce

<< <i>I've just started selling on the BST forum and I can relate to your situation.

I think it's best to take the bids in the order of which they came in (assuming of course the bid offer is the same as everyone else's).

If the first offer takes more than 24 hours to commit, then I would respond with an email stating that you have other buyers and you request an answer promptly.

Should be no problem. That's business and you have given the first buyer lots of time. >>


To elaborate moderately, a second higher offer was made immediately after I alloted the time frame offered for a confirmation from the initial responder. I allotted some time to the initial responder in full confidence that a reply was forthcoming. The difference in the 2nd offer was inconsequential, but notifying the initial responder becomes a matter of tact and diplomacy, in order to avoid any misunderstanding or sense of urgency. I would have gladly accepted the confirmation from the initial responder.

Bochiman

First come, first served, on any full price offers.
If someone responds quickly and asks "Will you take $XXX-$20?" (or whatever), and someone comes right after that (before you accept) and says "ok, if you still have it, done deal at $XXX", then I would say the full offer takes it.

I have had this happen to me (when I've tried to buy) and I accept it. Seller didn't commit to me, got a full offer after I asked for pricing room, and I lost out. I am man enough to accept that.

ProofCollection

I say first person to pay - you can screw around waiting for someone to respond sometimes. IT's important to put your terms in the ad or in replies.