To go back on an agreement

[TheDisillusionedAnarchist]

Decided to sell something on a local Facebook group for £10. Agreed to sell it to someone and have now discovered it’s worth £500+. My own fault of course but would I be unreasonable to go back on my agreement to sell it for £10 or should I honour it.

For info, we could do with the money but we’re not actually skint and the item concerned had been in the shed for 8 years so not like we’d expected to earn money from it.

What is it?!

If it was a few quid I'd stick to the deal, but for that sort of money I would explain and apologise.

I would go back on the deal.

Make up some bullshit like 'sorry I have just found out DH has promised it to a family member - Soz!!'

Of course it's ok. It's still your item till it's handed over, just apologise and explain the situation. I've had it happen to me loads of times online.

Hell no! Don’t sell something for a tenner that you know is worth £500 ffs!

I’d tell a white lie and say DH had changed his mind or similar.

It perfectly fine to change your mind. It’s not ebay. Your stuff, your rules. I would even go so far as to tell them you made a massive mistake with the price. No one is entitled to a bargain, and if you honour it you might just see it again on FB for 10 times the price.

I’d go back on it! They’ll sell it and pocket £490 from you.

Go back on the deal, that kind of money would be really handy!

Go back on it. 'Sorry, I discovered that I mispriced this item and it is no longer for sale. My apologies.'

I think it's a bit shit to go back on your agreement, probably one of the reasons I don't use EBay

Mark item as sold or remove the advert.

Message buyer and say item is no longer for sale.

It's not Ebay, Scarlett, it's a local FB group. And only a total idiot would sell a £500 for £10.

If you’ve not yet exchanged then fair enough but only if you’re sure of the price!

Go back on it.

what is it

Maybe OP is a total idiot anyway? World's full of them

It’s a Brompton bike for those who asked

I think they probably know how much it's worth and they are happy to give you the £10 and keep quiet.

To be fair several people offered more £300+ and told me I was an idiot.

Glad I posted here as both DH and I felt bad about going back on a deal that was our own fault

I think if the person knew it was worth £500 and were going to give you a tenner then they are dishonest. I wouldn't worry about them

I'm confused to why you advertised it for £10. Where did you get it from?

For the sake of your family, you know what you need to do. No-one is owed a bargain. Just tell them quickly so you don't inconvenience them.

No need to feel bad, the buyer either knows it's worth ££s and had no qualms about keeping it quiet, or they don't know and therefore won't be too fussed if you change your mind about an item only worth £10.