Am I being lowballed?

[nipster]

$900 would be a tad high I think. But he did lowball you. I'd give you 650-700 for the nickel one maybe.

 

[Jswiney9]

700-750 retail in my area

 

[H P Bushrod]

I think his offer is on the low end of "fair". Certainly not wholesale.
I'd rather have either gun than $600 cash though. Buying and selling is really all about what something is worth to those on either end of the transaction.

I agree. If I had to sell one, I'd keep the 6 inch gun.

 

[A10]

Definitely low. They would sell in fairly short order around here for 750 now, give it 6 months and add 75 to 100 bucks....

 

[Nanook 450]

Four inch 29s seem to bring more - but he's low - the cases sell for over $100 all the time.

 

[Roscoe05]

He made you an offer....if it is not what you want then counteroffer him. Maybe he started low & a counteroffer is what he was looking for....Its called negotiating. Perhaps you can reach a price that both parties are happy with. If he doesn't want to budge & you don't like the price move on & don't take it personal. The price is a low but it depends on how bad you want to sell them.

 

[scooter123]

Of course you're being lowballed, in a similar position that's likely what your initial offer would be. If you don't like the price offered, counter with something a bit higher than what you'll accept and see what he say's. It's called Dickering and was once the most common method for striking a deal both parties find agreement with.

BTW, that offer is high in terms of wholesale value and low in terms of retail, which indicates to me that it's an honest initial offer and not the least bit insulting.

 

[gkitch]

It seems we have varying definitions of the same term.
My offers vary depending on how much I actually want the item. If it is something I really want and have been waiting for, I will offer a fair retail price off the bat. If it is something I'd kinda' like to have but waiting for a good deal, then the lower end of fair is what I'm shooting for...in other words, what it is worth to me. Now, if it is something I neither want or need, but it is kind of interesting and I might be able to trade it or make a buck at the next gun show, then my offer will be about half of what I think I can sell it for.
To me, "lowballing" is when it would be something really wanted, but offering a wholesale (or less) price. Happens all the time, but not in the case of the gent who offered these prices for your magnums.

 

[toddimusnimski]

It wasn't clear from your post if he was making an offer or just trying to help you establish a value. Either way, $750-$800 is closer to reality. At least from what I've seen here lately.

 

[310Pilot]

Having owned a gun shop in the past, I can tell you that the Bluebook is a dealer's tool designed to facilitate dealer's purchasing of used guns, purporting to represent a retail price (usually well below market value), from which the dealer will offer a seller a somewhat lower price as "wholesale." Of course, when the gun is put out for sale, the Bluebook price is "outdated" or "inaccurate," as the dealer's new retail price will be far above the supposed retail price shown in the Bluebook. It has always worked that way. That person knew that, and was trying to get you to sell the guns for a low price in order to make a substantial profit. Remember, when it comes to guns, Bluebook = Snake Oil.

 

[Sportsterguy]

That is about right, if he was a gun store trading you at wholesale. However, since he's an individual he's crazy. Those guns are worth $700-$750 retail where I'm at.

He is crazy and you're being low balled big time. Agree with this gents estimate.

 

[Camster]

700-750 retail in my area

True,but for an individual to realize the same as a storefront dealer or show dealer,isn't always as easy as it sounds.
If the Op wants to sell,there is something to be said for someone willing to take both,no hassle,and just not the six incher.
I see the offer as a bit light,and frankly that is where it should be,all considered,pretty much where 95% of the guys right here on the forum would be. It is not ridiculous.

 

[settersonly]

we have a LGS here in town opening the blue book and telling customers with good guns for sale that they pay the "60%" of value listed in the book! Only problem I see is the blue book does not list % of value, only % of condition value, that is a big difference when someone has a 85, 90% or better condition gun!

 

[fyimo]

You are getting a very low ball offer on those revolvers.