Buyer?s Etiquette - Page 2

Mel · #11 09-02-2019, 12:08 PM

Yep, I've actually had people show up and state that they want the item but only brought $XXX.

"I'll take that as a non-refundable deposit and you can bring the rest when you come to pick it up!"

kbalch · #12 09-02-2019, 01:19 PM

Then there's the old "I'm a cash buyer" BS. Who gives a flying crapola? The seller always gets cash (or its equivalent) one way or another. Why they think I'll be impressed with their tiny wad is beyond me.

alpinelakespilot2000 · #13 09-02-2019, 01:57 PM

Quote:

Originally Posted by kbalch

Then there's the old "I'm a cash buyer" BS. Who gives a flying crapola? The seller always gets cash (or its equivalent) one way or another. Why they think I'll be impressed with their tiny wad is beyond me.

Because you know someone who already has cash on hand is going to lead to a quicker closing than someone who has to go through the process of applying for and getting a loan. That does matter to me.

Auburntsts · #14 09-02-2019, 02:02 PM

Quote:

Originally Posted by alpinelakespilot2000

Because you know someone who already has cash on hand is going to lead to a quicker closing than someone who has to go through the process of applying for and getting a loan. That does matter to me.

That?s only true if both buyers are meeting the sellers price. The problem is ?cash buyers? tend to think they can entice you into taking a lower offer for that reason.

alpinelakespilot2000 · #15 09-02-2019, 02:07 PM

Quote:

Originally Posted by Auburntsts

That?s only true if both buyers are meeting the sellers price. The problem is ?cash buyers? tend to think they can entice you into taking a lower offer for that reason.

They can. Within reason I?ll often take less for a quick sale. The key is ?within reason.?

kbalch · #16 09-02-2019, 02:22 PM

Quote:

Originally Posted by Auburntsts

That’s only true if both buyers are meeting the sellers price. The problem is “cash buyers” tend to think they can entice you into taking a lower offer for that reason.

Exactly right.

Quote:

Originally Posted by alpinelakespilot2000

They can. Within reason I’ll often take less for a quick sale. The key is “within reason.”

Man, I won't. The price is what it is and was arrived at by calculation not chance.

Whether or not a buyer has financing is one of my first questions and is usually addressed upfront in my ad. As in: if you don't have financing in place at my asking price, don't waste my time or yours.

I also believe that the chief implied cash deal "benefit" has to do with sales price declaration for the IRS. In other words, the buyer is trying to entice the seller into committing tax fraud. No, thanks. Not only will I not do that, I don't want anything to do with someone who thinks I might.

rocketman1988 · #17 09-02-2019, 03:18 PM

So you are saying that you included every single part and parcel of the airplane you built for sales tax calculation, including every untaxed, out of state sale?

If you didn't, then you would be guilty of tax fraud as well...

Just saying'...

Charles in SC · #18 09-02-2019, 03:36 PM

My way of answering the cash lowballer folks is to say that currently my price is what it is but next year if I have not sold the item that I may consider less but in no case would I consider anything other than cash. Thank you for your interest.

kbalch · #19 09-02-2019, 04:07 PM

Quote:

Originally Posted by rocketman1988

So you are saying that you included every single part and parcel of the airplane you built for sales tax calculation, including every untaxed, out of state sale?

If you didn't, then you would be guilty of tax fraud as well...

Just saying'...

Yes, I keep meticulous records of every purchase made for my projects (no matter how small) and submit them when it?s time for sales tax calculation. Don?t you?

The last thing I am is a hypocrite.

alpinelakespilot2000 · #20 09-02-2019, 04:12 PM

Quote:

Originally Posted by kbalch

I also believe that the chief implied cash deal "benefit" has to do with sales price declaration for the IRS. In other words, the buyer is trying to entice the seller into committing tax fraud. No, thanks. Not only will I not do that, I don't want anything to do with someone who thinks I might.

That’s a big assumption. If I’m asking $69.5K and one person offers $69.5k but is going to have to get started on a loan process that may take a few days and another offers $69K with ready cash, I might very well take the $69K ready cash that day. It has nothing to do with ethics.