A question on OBO
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  1. #1
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    A question on OBO

    Saw a ad the other day and it had me thinking I may be way off base.

    When someone lists something for sale, and they give a price and add "OBO" (or best offer), are they looking to get MORE than their asking price or is the "best" price someone will give them just shy of their asking price?

    I've always thought OBO meant what's the closest you'd offer them to their asking price. A buddy told me he thought it could be anything OVER the asking price.

    I guess if the meaning is the best price someone's willing to pay over the asking price, why the heck even put down a number (asking price) in the first place? Heck, at that point it almost becomes like a silent auction where no one knows who's "bidding".
    If assholes could fly, this place would be JFK international.

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    Expert crusoe's Avatar
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    Most people say it means the seller is willing to take less. The price shown is the no haggle price. This is compared to saying the price is "firm."

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    Quote Originally Posted by crusoe View Post
    Most people say it means the seller is willing to take less. The price shown is the no haggle price. This is compared to saying the price is "firm."
    Exactly what I was assuming.
    If assholes could fly, this place would be JFK international.

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  5. #4
    XCR Guru MickeyC's Avatar
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    In the US you use OBO, in the UK we use ono (or nearest offer). What it usually means is that the buyer should either match the asking price or make an offer close to the asking price. i.e. If the asking price is $100, close offers are welcomed.
    Semper in excremento sum, solum profunditas mutat. 'Always in the shit, only the depth varies'

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    XCR Guru aziator's Avatar
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    In recent days I have seen people say "$125 or highest offer" for a couple M&P Mags. I guess it depends how bad you want something...

    I have always gone with lower for OBO.
    Don't confuse enthusiasm for competence

    Want more grip for your M&P Pistol? Send me a message.

  7. #6
    Rifleman arcwolf6's Avatar
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    OBO to me means your best offer. So if it's $100 and all you have is $25 well, that's your best offer. I ended up with a $700 CETME for $400. If you offer less than half the price on a OBO some people would call that low balling. To me it's not cause they asked "you" to offer your best. Just my 2cents. Ive come away with some great deals. Most people will list "Firm Price" or many other things to avoid people like me.

    MickeyC has it right. From my exprience that is how people usually mean "Your best offer". In other words "Best offer closest to my price" which in my mind is BS. It's like a legal document. Sometimes the wording is not so clear.

    All you can do is ask...
    Last edited by arcwolf6; 03-11-2013 at 11:39 AM.
    Arcwolf6

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