Obo ?? sales threads

[James]

Ok I know obo means "'or best offer"
My question(s) ..
1.If a domain is listed for sale at $1000 or obo and I offer $300 should I get the domain for $300 if no other offers come in ??
2. If a domain is listed for sale at $1000 or obo and I
post sold for $1000 ..then the seller gets a $1500 offer can he/she back out by saying $1500 is the "best offer"

My point is why do people use obo in their sales threads??
Been pondering this for a while now.. anyone ??

jim

 

[James]

Still looking for answer ..anyone ??

jim

 

[Rockefeller]

OBO is Or Best Offer but that offer is determined by the domain owner, but necessarily whatever the best offer is that is posted in the thread.

 

[James]

OBO is Or Best Offer but that offer is determined by the domain owner, but necessarily whatever the best offer is that is posted in the thread.

So I see a domain I want listed @ $xxx or OBO in the fixed price subforum

I post "Sold" @ $xxx .. the seller has the option to wait for a better offer ??

Perhaps they should be listed as " offers wanted " minimum offer @ $xxx and not allowed in the fixed price subforum


Only my 2 cents

jim

 

[BLazeD]

Its redundant and pointless

 

[NameMatters]

If you post sold for $1000, seller is bound to sell. OBO applies only for less than $1000 in this case and it's upto the seller to decide if he wants to sell or not as long as the offer is less than $1000..even if it's $999. There is no way, seller can go and shop for more offers when he quotes the price as $1,000 and you agreed to buy at $1,000.

 

[stewie]

I think the answer is above.

"ask the OP." if the $1,000 was BIN then you have a firm price. the way you posted it its open for debate as you can see.

I would say

#1 question: the answer is NO, unless OP wants to let it go for $300. Your $300 is an offer he can reject your offer.

Good Luck

 

[whitebark]

Anything bought at a posted BIN should be binding.

 

[stewie]

Anything bought at a posted BIN should be binding.

I agree , key is BIN...