"What's Your Best Price?"

Jmcgrogan2, I agree with you that best offer can indeed be higher than the asking price. To me best offer also includes other factors such as "I will send a postal money order via priority mail" vs "will you wait for my personal check to clear".

I have waited for personal checks (low cost items) to clear from Audiogon members with excellent ratings. I would do so again in the future. But for high cost items the fastest, most secure payment contributes to how I rate an offer.

In response to your previous question--I feel inflating the price is just as counter productive as a ridiculous low-ball offer or "what is your best price?" response. I want to show I am a serious and fair seller so I do my homework and set a fair price. I frequently sell at my asking price. Most of the rest of the time I sell near the asking price. Sometimes I just go away and sell another day.

The best price I will accept also varies with how long the item has been advertised. The most annoying "WIYBP" offers are the ones that come immediately after the classified has been posted. At that point my best price is the advertised price---unless of course someone makes me a serious offer.

Bottom line to me is--Serious buyers should make serious offers.

Here in the midwest it means the listed price or lower.

It's almost like you're in a different country. :)
Here on the east coast, OBO means Or Best Offer, period.
Maybe AudiogoN does need to look into the OBOL or OBOH, to avoid the confusion that stems in the midwest.

One more thing, since the seller states, OBO, it is the seller who gets to choose the best offer, not the buyer.
At least that's the way it is interpreted on the east coast. :)

Don_s, I agree that best offer means more than just $$$. Best Offer is the best offer, actual money is just part of an offer. Form of payment and inernational shipping vs. local shipping or pick up are also part of the best offer formulation.

I also agree with you final sentence, a serious buyer should make a serious offer.

From the website www.howstuffworks.com:

Car Selling Ad Terms*

OBO - This means "or best offer," which tells the buyer that you are willing to consider offers below the price you listed.

Source: Edmunds.com

Come on guys, I don't care if you are from Neptune, "OBO" means an offer LOWER than the asking price. A seller doesn't need to say "OBO" for a buyer to assume he will take a HIGHER offer than the ask -- every seller is willing to do that.

But let's not lose sight of the point that we all seem to agree on: a buyer whose first and only communication with a seller is "WYBP" has a high likelihood of being ignored -- as well he should be, b/c this response indicates a lack of seriousness and a single-minded focus in disadvantaging the seller. At the very least, a "WYBP" message might be accompanied by something like "I am really interested and would be ready to pay quickly if your best price is in my range." At least then there seems to be a point to the negotiating tactic.