can you up the offer in sedo?

[DomainMagnate]

Say you got an offer on sedo and countered, the buyer countered it as well and a few rounds of negotiations like that. Can you then raise you price instead of lowering it further?
For example if you got another offer for the domain meanwhile from a different buyer, or changed your mind for some reason? Have you ever done that? How do buyers usually respond to it?

 

[BiggieBiggie is verified member.]

Hi

if you get an offer on sedo, it's your choice to:

accept the offer

take to auction

counter offer with any amount you wish

not respond at all

if you get a counter offer, the same apply as above

but i think you can also cancel the negotiation too at this point.


how buyers feel or respond is irrelevant imo, if they aren't willing to submit an offer closer to your price or range.

it's more about how you feel, after declining their offer or accepting it.



imo...

 

[Theo]

Yes, you can up the asking price if it's your turn as the seller. If you placed your asking price already and you're waiting on the buyer, you can only go down in price. Obviously, upping the asking price means you're aggressively stating that it's either business your way or the highway

 

[DomainMagnate]

how buyers feel or respond is irrelevant imo, if they aren't willing to submit an offer closer to your price or range.

it's more about how you feel, after declining their offer or accepting it.

Donnie! If the buyers' response was irrelevant it wouldn't be called negotiating
Assuming the negotiations are above your min selling price you'd want to sell the domain for as much as possible, so determining how much the buyer would pay is crucial. I understand what you mean, but I think in these kind of situations there is a different motivation.

I'm wondering if anyone ever raised their offer like that and if it ended in a higher sale..?

 

[Theo]

It's easier for an asking price to be set higher at the beginning, thus leading to a lower price agreed to by both parties. It's the essence of "haggling". On the other hand, increasing the asking price after a round or two of dropping it sounds like a good way to break a deal.