Nice flip

[Paul E Henning]

From an ethical perspective, I think it is the seller's job to decide what to sell it for. If they are asking $2000 below market value, that is up to them. Would it be nice for me to point it out to them? Absolutely. Is it my obligation to do so? I don't think so. Personally, I would be inclined to ask them, "why so cheap?" But, I don't think it would make me a low-life if I didn't. That said, if they are already that far below market value, and I try to whittle them down further, I'd have a problem with that.

Additionally, you can usually get some idea of the seller's aptitude during the inspection. If I sense that "they don't know what they have here", I would, at that point, feel a moral obligation to protect them from their own lack of knowledge. That's me, and that's how I would appreciate being treated.

[Meghan]

I don't get what is going on here either. But, I bought my all original play pac in very good condition for $375. I wanted it before I knew what it was worth and found out how much it was worth before the transaction was done ( a few days / week later). The seller had it for sale in her driveway for $600 for a few weeks. Was I wrong to buy it without saying anything????

[Greg H]

I never try to change the sellers price, up or down.

[John_M]

No Meghan, you weren't wrong at all. I just think that some folks are taking this thread a little too seriously is all...

[Hambone]

people FLIP house, cars, real estate ect all the time........as a buyer can you say and be justified by asking " what did you pay for it" then offer whatever you want below or above that price. Guess you could, or ask why such a low price, then offer a price 2x the asking price because you think its worth that!! I personally would take the low price and run with it.....the only reason this is even a topic is it was listed in same listing service and got caught.........just my opinion

[Meghan]

Originally Posted by Greg H

I never try to change the sellers price, up or down.

Greg, if I am willing and able to pay what they are asking I do. Otherwise I have no problem saying " this is what I can afford, is this price an option for you?" . some people aren't out to make money all the time and are happy to sell it for whatever they think is acceptable to them. I buy alot on Craigslist eBay and flea markets. Some people just want to pass something on rather than junk it and make a little cash, some people feel there stuff is worth more than buying it new. I think whatever people mutually agree upon is fine no matter ( sorry Greg didn't mean this entire post to be directed solely at you )

[Mike Magee]

The first seller received what he considered to be a fair amount, the amount he wanted. He was not cheated.

If a person knows where to obtain an item and resell it for a profit, he has done a service to both the original seller and the new buyer. Moreover, he bore financial risk (it could have had a cracked frame or other problem that he failed to detect, or it could have tied up his investment for months before another buyer came along) for which he was compensated. This is the core of capitalism. If the act were unethical, then every real estate broker, store, and sales business is unethical.

[Sheryl]

Originally Posted by Mike Magee

The first seller received what he considered to be a fair amount, the amount he wanted. He was not cheated.

If a person knows where to obtain an item and resell it for a profit, he has done a service to both the original seller and the new buyer. Moreover, he bore financial risk (it could have had a cracked frame or other problem that he failed to detect, or it could have tied up his investment for months before another buyer came along) for which he was compensated. This is the core of capitalism. If the act were unethical, then every real estate broker, store, and sales business is unethical.

Mike G., I agree. When I bought my Boler, I knew just enough to THINK I was getting a good deal, but now I realize how lucky I was that it didn't have other serious problems. I didn't know how much I didn't know.

[Francesca Knowles]

Buy low.
Sell high.
Nothin' wrong with that!