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benzinha - I haven't had a chance to get back to this but I will soon

posted by gomedome on July 4, 2008 at 9:53 AM | link to this | reply

Pesitos a casitas my mother-in-law called it.

She saved pennies and bought about twenty-five houses over the period of a decade or two, just by scrimping and economizing and recycling and reusing and putting away pesos.

She told me this when she saw me sweeping an American penny into a dust pan for throwing away. NUNCA, she said, not one small penny. She was right, of course.

The dripping tap, hmmmmmmm.

posted by benzinha on July 3, 2008 at 11:50 PM | link to this | reply

Dark_Moon - that is exactly how it works, there is a limited comfort level

in purchasing by just viewing pictures that also limits transactional values.

Where that limit is varies from individual to individual and is influenced by the nature of the item for sale, making it virtually impossible to pick a hard and fast number. These realities do however allow you to make some general determinations pertaining to items for sale. The more likely the item is to suffer wear and tear, or be prone to electronic failure over its lifetime in conjunction with the size of its price tag, increases the likelihood of the need for a purchaser inspection.

Some deals do not go through and refunds are sometimes necessary but this situation is quite often avoided by experience, doing due diligence and relationship building with suppliers. For example, the last time I suffered the indignity of something being sold out from underneath me while in the middle of a deal was 1997. I quietly swallowed my loss of expenses, refunded the deposit to my client and vowed to crush the son of a bitch that let me work so hard to come up empty handed. He got the message eventually and I was wiser for the experience.  

posted by gomedome on June 29, 2008 at 5:33 PM | link to this | reply

Gomedome, I assume that the higher the price of the item and the more sophisticaed the item, the more likely that number 3 will come into play, i.e., that the buyer will want to look at it and inspect it. On items like this, do the buyers frequently just send you the money and trust that you will ship without some sort of hands on, face to face interaction? For less expensive items, no problem. But the more money, the less likely I would think that they would be to do that.

In the event that the actual owner has sold the item, refuses to go through with the deal, refuses to accept the original agreed price, do you just refund the money to the buyer?

Too many questions? Thanks, Moon

posted by magic_moon on June 29, 2008 at 2:05 PM | link to this | reply

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