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Zirotti · 17 February 2010, 06:10 AM

Quote:

Originally Posted by justrolexes

Jason my friend let me tell you the diffrence here and I'm going to use the house per your request,
When you agree to sell the watch or the house for an X price and you set a day and time to meet the buyer that is = to openning escrow... and when you have an open escrow you can no longer accept offers unless the buyer fall out of escrow for whatever reason...

So as long as your watch or house it listed you can entertain offers but once you accept and offer, the watch or house should be pulled out and you should state pending sale or in escrow...
All the best

Agreed, 100%. But if a buyer asks my best price, I tell him what it is, and he said ok, let's meet so I can see the watch, that is not a "firm offer to buy". Now, that is not saying I will sell it from under him. There have been a ton of people who have emailed me but as far as I am concerned the guy I am meeting this week is the buyer as long as he agrees to the price we discussed prior.

I guess that raises another question, and one I am sure that some of the big dealers face here on a regular basis.

I list a watch for sale today. Buyer X says I will meet you in one week to look at the watch. Buyer Y says I can meet you today. I would say this is similar to "holding" a watch for someone. Is it wrong to tell buyer X that buyer Y can pay today and if you can pay today, the watch is yours. In that regards, it's not about price, but rather time...

ESKO · 17 February 2010, 06:44 AM

business is business! Business Ethics are Business ethics......
IF you are open to other offers, make sure you put that out there.
I say tell the first buyer if anything higher comes along, you'll let him match that offer or sell to the highest bidder, it's about being honest, not hurting anyones feelings. Make your intentions known and any hurt feelings are the problem of the person feeling them, as you put it all out on the table from the get go.

SUPERDOC · 17 February 2010, 11:43 AM

I don't know...I may get flamed for this. But I see no problem with telling Buyer X that you have received a better offer.

If I were Buyer X I would totally understand.

You are not a charity, this is your watch until you sell it, and you deserve the best price possible for it.

I don't see any amoral action in that.

This is nothing like selling a house whereby you're contractually obligated if you've accepted an offer.

having said this...I think personally, I would decide based on how much of a price difference there is between the offers...

17 February 2010, 06:44 AM	#62
ESKO Member Join Date: Jan 2010 Real Name: Luis Location: Afghanistan/Texas Watch: 2012 Milgauss GV Posts: 752	business is business! Business Ethics are Business ethics...... IF you are open to other offers, make sure you put that out there. I say tell the first buyer if anything higher comes along, you'll let him match that offer or sell to the highest bidder, it's about being honest, not hurting anyones feelings. Make your intentions known and any hurt feelings are the problem of the person feeling them, as you put it all out on the table from the get go.

17 February 2010, 11:43 AM	#63
SUPERDOC "TRF" Member Join Date: Jul 2007 Real Name: R.J. Location: Canada Posts: 1,546	I don't know...I may get flamed for this. But I see no problem with telling Buyer X that you have received a better offer. If I were Buyer X I would totally understand. You are not a charity, this is your watch until you sell it, and you deserve the best price possible for it. I don't see any amoral action in that. This is nothing like selling a house whereby you're contractually obligated if you've accepted an offer. having said this...I think personally, I would decide based on how much of a price difference there is between the offers...

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