Market Feedback Do not hold the item for anyone!

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RD274 said:
I agree with Desibond but sometimes a genuine buyer might lose out due to his inability to procure $$$ in time.

What I suggest is keep a maximum holding time of 48 hours for the first buyer and keep the second buyer ready incase the first doesn't make the 48 hours.

If the buyer urgently wants it then he can hold it for another days time with a 2%-5% higher price and so forth.
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As has been pointed out, there is no need for any rules with regards to this topic. Its a personal decision of the seller, whom to sell, whom to hold it for or whom to not sell it.
There was an earlier thread regarding tying down sale threads to a uniform pattern of its contents, the suggestion was countered rightfully with the argument that a level of personal touch is welcome in a forum. So is the case here, each seller can have his own conditions provided he is not infringing upon TE's existing market rules.
 
sellers and buyers should decide amongst themselves instead of community making n number of rules which wont be followed anyway. half the people here dont even embed thumbnails to images and just copy and paste links. how hard is it instead to paste the thumbnail links given on the same image hosting sites page? height of lazyness i suppose.

And some dont even put their names and dates next to items they are selling.

Best would be sell to the first best deal that you think you will get for your item. Rather than wait for a no show, sell it and get it over with.
 
I got burned with an earlier sale as the buyer who asked me to hold went AWOL and in the end decided not to buy.
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This is always the case. Sometimes, Buyer confirms he'll buy, even asks for account details and then goes AWOL for 3-4 days with no response to anything and later he decided he doesn't want to buy :no:

People need to acknowledge that that should only confirm to buy something and ask for account details only when they are 100% sure that they want to buy the product being sold.
 
RedBull said:
Its all personal discretion and common sense IMHO....no need a rule or something.
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Exactly... The seller already has the freedom to sell to whom ever he wises to. There is no rule saying that the seller should sell to the first person to post or hold it for some one just because someone asked? Its all at the sellers discretion whether to sell to someone or not.

There is no need for a nonsensical rule to prohibit buyers from asking a seller to hold or the seller from waiting. If the OP waited when some one asked to hold, it was his personal choice and his own damn fault if it didn't turn out well in the end. He could have easily told that buyer that he is not going to wait.
 
Well the thread title could have been a bit more suitable.

If you have dealt with a person before and then holding the item for him, knowing that the person wont back out.. then it will not be a problem.

But seeing ur thread's title and tone of the content.. enough to put seeds of doubt.

At the end of the day the whole community here is based on trust.

What ll u do if the person who was about to make the payment suddenly has got into some health problems or has smashed his cellphone ??

The person might not be in a position to complete the trade and this can happen to any buyer on your list and not limited to just one potential buyer either. Then what..?

Trick is to trust only the people whom you have dealt with before and know for sure that he wont back out.
 
Agreed. But my suggestion is only for keeping the buyers and sellers both happy.

Ofcourse its still upto the seller whether he wants to allow holding anything or not.
 
The reason for creating the thread is not to ask to write a new rule or somehing. It's more of a FYI. The number of such incidents where buyers back off has increased. It was made clear to me one of the moderators on how to go ahead with a deal and I totally agree with that view. (sell it to the first one ready for payment. Don't hold the item for more than a day or two).

And yes, if the buyer is someone whom you know, it's okay to wait for a day or two but do make sure that it doesn't lose other potential buyers.

BTW, I have changed the title to something more meaningful.

It will be great if the iTrade feedback rating has few more options like Response time, behaviour, item quality match the description given by the buyer etc.
 
It will be great if the iTrade feedback rating has few more options like Response time, behaviour, item quality match the description given by the buyer etc.
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This and some other things that have been suggested earlier could make things clearer but no requests like this have ever been implemented :(
 
A simple truth is that a seller would hold the item either when he/she is not sure of the price he has posted it for, or he agrees on the price offered by the buyer(Something more then expected).

If you are clear what you want then you would rather do the "First Come First Get" thing.

GODSPEED
 
i would not agree completely.

i for one, always ask to hold before confirming.

generally what happens is:

1. I see a Hot deal.

2. I want to take the opportunity, but at the same time I do not want to get coned. Thus I ask to Hold.

3. I make sure it's current market pricing, physical condition and if it is really useful to me.

4. If above conditions satisfy, I buy. If not, I pass.

The point here is that, 'I do not want to omit the general process just because the deal is hot.'

and i would request members to do the same, a determined decision which can serve time pre-deal is much appreciated than a compulsive decision which may lead to much frustration post-deal.

I appreciate the same when im on the seller's side. And believe me, people those who are really interested will always make sure that they are getting a proper product over better pricing. So i dont mind holding, just dont shoo away others in line is what you may try to do to be on the safer side..
 
madnav said:
i would not agree completely.

i for one, always ask to hold before confirming.

generally what happens is:

1. I see a Hot deal.

2. I want to take the opportunity, but at the same time I do not want to get coned. Thus I ask to Hold.

3. I make sure it's current market pricing, physical condition and if it is really useful to me.

4. If above conditions satisfy, I buy. If not, I pass.

The point here is that, 'I do not want to omit the general process just because the deal is hot.'

and i would request members to do the same, a determined decision which can serve time pre-deal is much appreciated than a compulsive decision which may lead to much frustration post-deal.

I appreciate the same when im on the seller's side. And believe me, people those who are really interested will always make sure that they are getting a proper product over better pricing. So i dont mind holding, just dont shoo away others in line is what you may try to do to be on the safer side..
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A Buyer should see all that before contacting the seller and expressing a desire to buy the item. One should do all the R&D beforehand and not just jump on any good deal and later say they do not wish to buy it.

Or maybe ask the seller whether there are other people in line and give a fixed time in which he would make a decision, but if there are other people in line who can pay for the same instantly then there is no reason to hold the item for someone.

Although there cant be a rule/restriction on this, its always the sellers prerogative :)
 
madnav said:
i would not agree completely.
i for one, always ask to hold before confirming.

generally what happens is:

1. I see a Hot deal.
2. I want to take the opportunity, but at the same time I do not want to get coned. Thus I ask to Hold.
3. I make sure it's current market pricing, physical condition and if it is really useful to me.
4. If above conditions satisfy, I buy. If not, I pass.

The point here is that, 'I do not want to omit the general process just because the deal is hot.'
and i would request members to do the same, a determined decision which can serve time pre-deal is much appreciated than a compulsive decision which may lead to much frustration post-deal.
I appreciate the same when im on the seller's side. And believe me, people those who are really interested will always make sure that they are getting a proper product over better pricing. So i dont mind holding, just dont shoo away others in line is what you may try to do to be on the safer side..
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Hey Madnav, the problem arises is that someone else may have been interested in buying the item that you had asked for it to be on hold. If he backs out because he needed the item urgently and you also back out with the seller being unable to sell that item then the seller has lost out.

I had the same problem in that I was selling something years back and someone asked me to put it on hold. It was an old item and I had not got much interest for the item in question even after a week of bumping. During that time someone PMed me asking me if he could buy it as he needed what I was selling ASAP. Since it was on hold I told him that he was willing to wait. However the guy who asked me to hold it backed out after 48 hours and the other guy who was willing to buy it spent more and bought the same thing locally so he too backed out.

I never did find a buyer after that and I it was a loss for me. If I had not held the item I would have probably sold that item at that time. It wasn't an expensive item but still a rather bitter learning experience for me. So I have decided to forget any holding business and sell it to whoever pays first.
 
Mephistopheles said:
A Buyer should see all that before contacting the seller and expressing a desire to buy the item. One should do all the R&D beforehand and not just jump on any good deal and later say they do not wish to buy it.

Or maybe ask the seller whether there are other people in line and give a fixed time in which he would make a decision, but if there are other people in line who can pay for the same instantly then there is no reason to hold the item for someone.

Although there cant be a rule/restriction on this, its always the sellers prerogative :)
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totally agree. if one is interested in getting the item and want to check how it is, go ahead. meet the buyer, check the product and decide whether to take it or not. asking the buyer to hold for a while just to check quality doesnt make sense. it is irritating for seller and impatient buyers may move on.
 
You certainly cant keep up with the mkt trend on every instance.

Hold business is not exclusively for one. More people come in line and they take their number.

Somebody else would simply enlighten others regarding any price check or a better deal and this has happened in the past.

Simple eg was the case of a Sony memory card being purchased from Sony showroom. Many people might not be aware abt sony showroom selling stuff way above its gen price. So even a little discount would make a the deal hot for few buyers. A hold allows seller/other members to clear air abt the pricing.

Calling Dibs/Hold is def advantageous when the bigger picture is taken into account.
 
I buy a lot of stuff for my friends. In fact, most of them are for them. My last purchase, an SHP 805 was for a friend who was bugging me to sell him one of mine.

In the above case, even though i was sure, I wanted to check if

1) My friend wants it

and even if the sale is for me, I don't have an account which has working netbanking. ( and TBH, I'm kinda paranoid about it), so

2) I have to find a dude who can do it for me.

I always ask to hold, but specify a timeframe(6 hours or 12 hours) within which I will confirm, and usually payment is quick. There are occasionally times when I've had to back out ( once was during dell monitor GO, where i had an emergency). But then again, I do not demand that sellers put their item on hold for me. It would be nice, else I'll buy it if its still available, and its one of the things I like about TE.

In the end , its your call
 
Spacescreamer said:
You certainly cant keep up with the mkt trend on every instance.
Hold business is not exclusively for one. More people come in line and they take their number.
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That is purely assuming that there are people in the queue. What if there aren't any ? And whatever people were there backed out because the person who kept it on hold took some time to respond ?

In any case we are not talking about making it compulsary to force people to stop holding or force them to start holding. It completely depends on the seller on what he/she wishes to do.

I for one cannot see too many benefits to holding an item. Maybe if it was a popular item that would almost certainly be sold it might work. But for well used items that not too many people might want, IMO the seller should sell it to the first guy he pays or he risks not getting any buyers.
 
Spacescreamer said:
You certainly cant keep up with the mkt trend on every instance.

A hold allows seller/other members to clear air abt the pricing.
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How about the prospective buyer get in touch with the market trend, clear the air and then post. Expecting to hold while you clear the air is completely selfish especially when you will come back and say "oops sorry :ashamed:".
 
Renegade said:
How about the prospective buyer get in touch with the market trend, clear the air and then post. Expecting to hold while you clear the air is completely selfish especially when you will come back and say "oops sorry :ashamed:".
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Exactly my point
 
raghul said:
there should be a rule that an item can be on hold for ONLY 12/24 HOURS max before its on the roll again
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Keep on making such rules just for the market section and one day TE's rule book will be as big as India's Law book :P. Keep it simple. You pay- its yours. The first one who pays gets it!!!
 
Renegade said:
How about the prospective buyer get in touch with the market trend, clear the air and then post. Expecting to hold while you clear the air is completely selfish especially when you will come back and say "oops sorry :ashamed:".
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I know my post has the potential to be taken the way you did but i am not trying to bury the interests of the seller in any way.

Holding business is definitely upto the seller and he can deny that at any point of time. I was denied an article even after hold was confirmed once but that's a diff story for what we are discussing here.

We can go on and on with this issue and still have a handful of people in one corner and majority in the other and still not be reaching a conclusive decision making stance because of the nature of this arguement.

I think better would be to leave this decision to the sellers as they gonna be the best judge of this privilege depending upon their past experiences with sales and members combined.
 
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