Market Feedback Renegotiation Discussion

[solo_wing]

Most people might not have seen the thread so here is the link to why we are discussing Renegotiation- basically it is a seller or maybe even a buyer in some case can again reinitiate discussion over the price of the item they are buying/selling even after previously agreeing on the price.

To understand more please go through this thread link below but again kindly just to fill yourself in and avoid any personal references.

Post in thread 'iPhone 14 & 13 Pro || Steam Deck || PS5 Controller' https://techenclave.com/threads/iphone-14-13-pro-steam-deck-ps5-controller.211345/post-2431025


Let's hope we just discuss this without any personal accusations and just related to the subject matter only. It should only lead to better understanding each other's point as in my opinion both are right in their point of views .

As we saw yesterday,Most here are clearly against it but some are also supporting it too.

My personal pov is will keep it short - renegotiation should not be encouraged and a rule should be to put to disallow it specially when full payment has also been made because it will start a bad trend and might even lead to scams as not all members are genuine traders and may not even return the money to the previous buyer or delay it.

My only reason to go against it is not ethical grounds (as I understand seller would also want to look for best deal and may have accepted to a poor proposal in a hasty decision ) But just to keep scammers and fraud people taking advantage of it .

also like to say that if rule is placed against it should also ask buyer to immediately report it also instead of agreeing to the renegotiation and then suddenly reporting it . If it is wrong don't be a part of it simple.

the onus is on both side to keep this from happening.

Hope to see some fair discussion.

 

[buzz88]

Recently sold something outside the forums. Price was agreed upon based on the current market price (80% because it was almost new). Two days later, I was checking something else and saw that the price had almost increased by 40-50%. The day we finalized the deal was the new year's sale running and prices were heavily subsidized to clear last year's stock. The sale lasted only for 2-3 days. Of course, I was feeling a little regret that I could have sold it at a better price if I had waited. The buyer had still not paid the full amount and the product was in transit. But I couldn't bring myself to renegotiate because it felt wrong after agreeing to a number.

I have to stress that it felt wrong only because this is a genuinely nice guy who never tries to bargain unreasonably. There is mutual respect here. OTOH, if it was some buyer who had tried to bargain a lot before, I might not have felt bad renegotiating and would have taken that route. So I guess it depends on your deal and the person you are dealing with.

 

[ajeetone]

Once buyer made the full (agreed) payment then item didn't belongs to seller FULL STOP.
Imagine this scenario in face2face deal.
I (seller) put an item for sale at 10k, there are multiple interested party and everyone is negotiating at that point. You (buyer) came and we both settle at 9k. I agreed and you make partial payment to block the deal so that I won't sell this to another buyer. You came after sometime and made the rest of amount. Now
1. You simply took item from me and walk away.
2. I can't go searching/hunting you after 2 hour and claim that I got more potential buyer and now give me 1k more or whatever.

 

[gourav]

Let's hope we just discuss this without any personal accusations and just related to the subject matter only. It should only lead to better understanding each other's point as in my opinion both are right in their point of views .

As we saw yesterday,Most here are clearly against it but some are also supporting it too.

Would be helpful to know what you mean by renegotiation and to have some context as to what we saw yesterday. Can't assume everyone has seen every thread on the forum. For instance, I have no idea what you're talking about.

 

[ibose]

renegotiation

You conclude the deal for x amount and you make either part or full payment. After that the seller demands x + delta.

 

[valar007]

Back and forth is required is the price is not fair. Renegotiation after a price as been agreed upon and part/full payment has been made is just trashy.

 

[kartikoli]

Recently sold something outside the forums. Price was agreed upon based on the current market price (80% because it was almost new). Two days later, I was checking something else and saw that the price had almost increased by 40-50%. The day we finalized the deal was the new year's sale running and prices were heavily subsidized to clear last year's stock. The sale lasted only for 2-3 days. Of course, I was feeling a little regret that I could have sold it at a better price if I had waited. The buyer had still not paid the full amount and the product was in transit. But I couldn't bring myself to renegotiate because it felt wrong after agreeing to a number.

I have to stress that it felt wrong only because this is a genuinely nice guy who never tries to bargain unreasonably. There is mutual respect here. OTOH, if it was some buyer who had tried to bargain a lot before, I might not have felt bad renegotiating and would have taken that route. So I guess it depends on your deal and the person you are dealing with.

I was in a same situation once when I sold my processor and agreed to a certain amount but before shipping there was an issue with processor so gave it for RMA. We both waited for RMA to complete and to my surprise AMD sent brand new upgraded model but since I have already agreed to a price I felt ashamed even asking for increased price so sent the product as it is.
For me and I believe most of the genuine members here on TE hold on to such moral grounds and would not renegotiate

 

[superczar]

Most people might not have seen the thread so here is the link to why we are discussing Renegotiation- basically it is a seller or maybe even a buyer in some case can again reinitiate discussion over the price of the item they are buying/selling even after previously agreeing on the price.



Post in thread 'iPhone 14 & 13 Pro || Steam Deck || PS5 Controller' https://techenclave.com/threads/iphone-14-13-pro-steam-deck-ps5-controller.211345/post-2431025


Let's hope we just discuss this without any personal accusations and just related to the subject matter only. It should only lead to better understanding each other's point as in my opinion both are right in their point of views .

As we saw yesterday,Most here are clearly against it but some are also supporting it too.

My personal pov is will keep it short - renegotiation should not be encouraged and a rule should be to put to disallow it specially when full payment has also been made because it will start a bad trend and might even lead to scams as not all members are genuine traders and may not even return the money to the previous buyer or delay it.

My only reason to go against it is not ethical grounds (as I understand seller would also want to look for best deal and may have accepted to a poor proposal in a hasty decision ) But just to keep scammers and fraud people taking advantage of it .

also like to say that if rule is placed against it should also ask buyer to immediately report it also instead of agreeing to the renegotiation and then suddenly reporting it . If it is wrong don't be a part of it simple.

the onus is on both side to keep this from happening.

Hope to see some fair discussion.

I am not sure what is the point of this.
C2C transactions cannot be as tightly rule bound as a B2C transaction.

I have had buyers who have paid for stuff and taken it only to come back 2 days later requsting a refund because xyz is not compatible with their setup - and I have honored the same.
Something no B2C transaction lets you do (at least in India where there are no buyer remorse returns)
Was the buyer unethical in such a case? i don't think so.

At the same time, I have had cases where buyer paid for a bulky/sensitive item that required shipping.
I then got a local buyer who was willing to pickup in person post which I Requested buyer to take back the money - and that was that.
Was the seller unethical in such a case ? If the answer to the first question above is No then this one is a No too..


Hell, I have had a case where a buyer purchased a Surface Pro from me and came back a full 2 months later complaining of display corruption.
Even though I refused to do anything at the onset, he pestered and pleaded so much that I refunded half his money (Although i do think that in this case, the buyer was not fully ethical..)

With used item sales on forums, you cannot have rules imposed on all nuances since it cuts both ways.
Obviously basic common sense rules such as no fakes/ no misrepresentation do and should apply - but let's not go controlling every aspect of a C2C sale.

 

[ibose]

I have had buyers who have paid for stuff and taken it only to come back 2 days later requsting a refund because xyz is not compatible with their setup - and I have honored the same.
Something no B2C transaction lets you do (at least in India where there are no buyer remorse returns)
Was the buyer unethical in such a case? i don't think so.

Well, common sense also requires a buyer to do the due diligence on compatibility. Good of you to be flexible on that front. Not everyone has the time to deal with such situations and allow the flexibility to the buyer to return something and get a full refund each time, due to compatibility issues.

At the same time, I have had cases where buyer paid for a bulky/sensitive item that required shipping.
I then got a local buyer who was willing to pickup in person post which I Requested buyer to take back the money - and that was that.
Was the seller unethical in such a case ? If the answer to the first question above is No then this one is a No too..

Some may even think that you reneged on your commitment given that the purchase transaction was already completed. It was good of the buyer to accept the refund but I hope you realise that not everyone will be amenable to that.

With used item sales on forums, you cannot have rules imposed on all nuances since it cuts both ways.

I agree that perhaps imposing a rule may not be the right approach but I don't think a seller renegotiating for extra money is actually a "nuance". If you want to build or maintain your trust then you would not want to do it. In the specific cases you described, ultimately it is down to both the buyer and seller on how much flexible they would want to be but they need to be real genuine scenarios. There are all kinds of folks in the forum. Over time you would build rapport, trust and even friendship with some of them, who are really genuine, and that would allow for leeway. But there will also be people, who would have none of it.

 

[greenhorn]

My opinion. One full payment is made, the deal is sealed. No more changes in terms.

Let me flip it right. If the seller discovers that the product is on sale cheaper elsewhere once full payment has been made, would a seller be willing to do a price match and partial refund? Some gentlemen might, but generally nobody would. So I guess is a two way street.

 

[blr_p]

My opinion. One full payment is made, the deal is sealed. No more changes in terms.

Sounds fair but there is no way to enforce it as the seller could just back out and refund the money

Let me flip it right. If the seller discovers that the product is on sale cheaper elsewhere once full payment has been made, would a seller be willing to do a price match and partial refund? Some gentlemen might, but generally nobody would. So I guess is a two way street.

Aye

 

[superczar]

My opinion. One full payment is made, the deal is sealed. No more changes in terms.

Let me flip it right. If the seller discovers that the product is on sale cheaper elsewhere once full payment has been made, would a seller be willing to do a price match and partial refund? Some gentlemen might, but generally nobody would. So I guess is a two way street.

I think a genuine seller should.. I definitely would if the buyer were to contact me soon after paying (although not if a new deal pops up somewhere after I have shipped or he/she has received the item).


As for the original scenario, Even in a B2C sale, a seller can always refund claiming item is out of stock (and it does happen at times) .. and I guess you would also agree that a B2C sale is bound to be more tightly rule bound than a trust based C2C sale.