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FS/FT Guys(Gals): When is a deal a "done deal"?

N

Nutdotnet

Diamond Member
In your opinion, when do you consider a deal a "done deal" or a deal close enough to being done that you'll hold the item for that person?

I feel bad about a recent deal that I "thought" was dead but in reality was lack of communication and assumptions which resulted in me selling to someone else.

I know, strictly speaking, a deal isn't done until money has been exchanged, but I also have a reputation that I want to build (keep) and not turn into a "shady" buyer/seller.

I want to know what everyone here thinks is the best time to consider a deal "done" (if it's before having the cash in your hand or paypal account) so I don't make this mistake again.
 
everything is pending until you have a conformation of money being sent, weather by paypal or Money order or whatever, then it is sold, heat is not left untill the person has received the item and has fully tested and confirmed that is is what you said it was and it works, when heats is left deal is over
 
If the buyer tells me that he has decided to buy the item, then I would hold it for them and set the deal as pending. It is sold upon reciept of cash or sold if I get his shipping address if I'm shipping first. If he hasn't told me he is buying it, it is open, although I would probably give him a warning if multiple people are interested.
 
a deal isnt done until both parties are satisfied, and evals are exchanged.

oh wait, you mean as in "ill take it, youve got payment". i usually give someone 1 or 2 days to get back to me. if i dont hear from them after in that time, i send one more pm to give them one last chance, and let them know im moving on down the line. if no response in a timely manner, its thier loss. of course this depends on prior communication (are they out of town, etc.) that the person sends to me. i also like to check to see whens the last time theyve been on. if theyve been on, and still dont reply, i take that as thier no longer interested, and just move on.

i do that out of courtesy, but i see nothing wrong with selling it to the first person that pays. if you want to sell to the first person with cash in hand, just be specific about that in the terms in the thread, and youre covered.

 
If someone confirms that s/he wants to purchase whatever I'm selling, it's marked pending until:

1) Payment is sent/received (then it's sold)
2) I don't hear back in a reasonable amount of time...however, 'reasonable' is quite a broad term.

If someone said they wanted something and I didn't hear from them in two or three days, it would go back up for sale..I'd probably hold for a solid 48 hours, though. I haven't had that problem (yet), though...most of my deals have (fortunately) been fairly cut and dry. 🙂

I did have something that I was interested in sold before I had any way of making payment (not enough Paypal funds, and it was after the PO had closed)..someone else had paypal..in that instance, whoever could pay first got the item(s). Sucked for me, but that's life sometimes..
 
Originally posted by: thelanx
If the buyer tells me that he has decided to buy the item, then I would hold it for them and set the deal as pending. It is sold upon reciept of cash or sold if I get his shipping address if I'm shipping first. If he hasn't told me he is buying it, it is open, although I would probably give him a warning if multiple people are interested.
Click to expand...

Ideally, this is the way it should be. Once terms have been agreed upon, and both parties have committed verbally/in writing, it should be considered a "done deal". However, I have had several transactions where the other party backed out after all this - one time even after I had everything boxed up and ready to ship on a cross-trade.
 
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