- 26 Feb 2011
You sold them for 250 you decided that was the value so as the seller you choose the value. The buyer does not get to set the Value they only get to offer a value.
No, I didn't decide that was the value, I decided that was what I wanted or would like, the buyer/market sets the value, price, cost, call it what you want when he purchases. I initially put an exploratory figure out there as it is a slight unknown and wait and see who bites. If a lot bite then I've under valued/under priced the item and it is worth more than I'm asking. It's basic standard supply and demand. Take a row of terraced houses...3 sold for £180k, there's no point in putting your same property on that same street on at £500k as it's not worth that no matter how much you think or want. It's worth £180k ( or there abouts allowing for condition )