Have you ever received a bid, and eagerly gone to the bidding hub, ready to make a sale, but then realised they bid way under your selling price? It's super frustrating, and it never even works. In this article, I'm going to give some bidding tips, etiquette and more, so you can maybe make a sale off those pesky lowballers.
As I've said in the intro, if you lowball, it's almost certainly going to be rejected. But first, what is lowballing? Well, to me, lowballing is when you bid underneath the person's original purchase price. For example, if you have a property for sale at $100, and you bought it for $40, if someone bids $20, that's a lowball. However, if someone is selling something under their original purchase price, then you can throw the lowball rule out the window, as they are probably looking to get out of the game quickly by selling their properties, so they will take almost anything you give them. However, do make sure not to go too under, so they reject it anyway.
When someone bids on your property, the prospect of selling your property can be exciting, so you may accept the first bid you receive, but this is actually not a very good strategy. If you've ever bartered with someone, you should know that you should never state what you are actually willing to pay right off the bat, instead bid much lower than you will actually pay. So, if someone bids on your property, you should slowly make your counter offer a little smaller, so they have to increase their bid, closer to your desired price.
Example: You buy a property for $10, and and you are it selling for $20. All you really want is to sell your property for over your purchase price, so if someone bids $8, then you could counter-bid $19.5, then they might increase their bid up to, say $12. Repeat this process until you get a bid you would accept. If someone isn't increasing their bid, then you should just reject it.
Now, one of the biggest problems with Earth2 is that the property market is super slow. When you get a bid, you are actually extremely lucky. If they lowball, then do point two, but you should keep in mind that if you have unreasonably high expectations, you will probably be let down. It's fine to want a decent profit, but keep in mind that it's hard to get a huge profit. What you should do is try to make a sale above your purchase price, and settle for that. You don't want to drive away your customer with your high prices.Â
So in summary, when bidding, you should remember these three things:
Lowballing does not work
Play the long game while counter-bidding
Settle for a bit of profit
I hope that this article comes in handy next time you get a offer for your properties. Have a great day!