What Does OBO Mean?

The acronym OBO stands for “or best offer.” It’s a phrase used in many commerce settings like eBay and Craiglist when sellers are willing to consider a buyer’s offer for an item for sale. When a buyer sees the phrase, it may indicate that the seller is flexible on the price and may be willing to negotiate.

The Benefits of Making OBO Offers

For buyers, submitting an OBO offer can be a great way to find a deal and get an item for less than the listed price. Sometimes, a seller is willing to accept an offer that’s lower than the listed price due to various factors like if the item is particularly exprensive, they need the money quickly, or they’re simply willing to become flexible on the price.

When sellers use the phrase OBO, it can inspire more confidence in buyers that a certain amount of negotiation is acceptable. This increases the chances of a sale and creates a more open dialogue.

Things to Consider When Making an OBO Offer

When making an OBO offer, it’s important to consider your budget and the seller’s minimum acceptable price. Be reasonable with your offer and don’t try to lowball the seller. Not only is it rude and disrespectful, but it could also result in your offer being rejected and the seller ignoring any offers you might make in the future.

Also, consider the cost of delivery if the item is shipped. You should include it in your budget when coming up with an offer for the item. OBO offers also don’t automatically include any additional fees. Depending on the circumstances, sellers may require buyers to pay for all fees, including taxes and delivery, when submitting an offer.

In conclusion

In most cases, the phrase “OBO” is used by sellers in order to let buyers know that they’re willing to negotiate. When making an offer, it’s important to consider your budget, the seller’s lowest acceptable price, and the cost of delivery (if applicable). With this information in mind, buyers can make informed and reasonable offers that may result in lower prices and happy sellers.