Wednesday, January 03, 2007

Update on 1st Time Experience with Craigslist

As I mentioned in a previous post, I purchased a new iPod nano for myself a few weeks before Christmas. So, now I need to get of my old iPod mini. I just posted it on craigslist last night, so we'll see if I get any nibbles. I found a comparable listing for a used mini on, but I think the seller is asking way too much for what is essentially an obsolete item. Maybe he's factoring in the cost of shipping and amazon's listing fees? Or the fact that it's now a 'collector's item'?

*Updated on 1/5/07

Well, 2 days after I posted my ad, I got an email from K who wanted to buy the iPod for $25 less than my asking price. I did a quick search for iPod minis on craigslist, and someone had posted a similar item for $75 several days ago. So, I told K that I would come down $10 from my asking price, but that was it. A day later, he agreed to buy the iPod for $90, and we arranged to meet in person. In the meantime, I had posted the item on for $129 because there were several listings ranging anywhere from $199 to $250. Some of the items were in better condition, some in worse condition. And wouldn't you know it, after I had agreed to meet K but before I could pull the listing from, someone actually bought the iPod for $129! But since I'd already promised it to K for $90, I decided to go through with the original sale. Much to my regret, I had to issue a refund to the second buyer.

All this to say, my first experience with craigslist was relatively positive. I just wish I had been more patient in holding out for a seller on Even taking into account the amazon commission and the cost of shipping, I would've been better off selling the item to the second buyer.

My friend pointed out that I could've asked K to meet or beat the $129, but in my opinion, that would've been jerking the guy around. And I'd been on the receiving end of that kind of behavior when I purchased my condo. To make a long story short, I'd already agreed to pay list price, but after verbally accepting my offer, the seller decided he wanted more money. I wound up walking away from the deal several times because he was such a jerk. But after two other deals fell through, the seller finally agreed to my terms in writing. Personally, I miss the days when 'my word is my bond' actually meant something and handshake deals were the norm rather than the exception. As an attorney, I'm often times asked to come up with a creative argument or loophole to get someone out of having to follow through on something they agreed to. So you can see why I'm a bit disillusioned with the practice of law.

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