What is the best course of action to take when receiving 2 or more offers on the same item for the exact same amount? I have a coin listed for which I just received a second identical offer. Do I just flip a coin and choose whose offer to accept, or can I ask both buyers to offer more and whoever offers the most wins? I want to be sure to follow accepted practice.
Counter-offer them both the same, higher number. Whoever accepts or counters higher wins. You maximize profit.
If I had that same situation, and I was happy with the price, I would go with what @Wheatmaster101 said and reward the person who tendered an offer first. (Of course, if it was a repeat customer, I might lean in their direction...)
Counteroffer. There's nothing wrong with counter offering someone. I do it even if I only have one offer if I'm not satisfied with the offer price.
Does a counteroffer obligate me to sell the item at that price if the buyer agrees? If so wouldn't that create a conflict if there are 2 identical counter offers and both are accepted?
It would be like trying to buy an ended item. It wouldn't work for the other guy if someone else accepteD.
Thanks, that makes sense. Once I make a counteroffer is the buyer's initial offer no longer binding? If so then I could be left without a buyer if neither accepts my counter?
Yes that is a risk. You could always make offers for 2 seperate amounts, one to each of the 2 sellers. Maybe make the lower counteroffer to the guy who offered first since he offered first. It's up to you. Good luck!
If you're happy with the price, close the deal with the first person to make the offer. If you want more, counter the first person and get their response. If not happy, counter the second person. If still not happy, let the auction run its course.
