Can someone explain the procedure for accepting a Buy It Now offer on an item that I've listed for auction?

[frogs]

I keep being asked if I have a Buy It Now price. Until now I've said no, but someone has emailed asking if I'd do one as they need the item urgently for the weekend. I'm thinking of setting quite a cheeky offer, but are there official procedures I need to follow, or do I just accept an offer and withdraw the item from auction?

The item is This one btw.

Thanks.

If you do have a lot of interest in it and you want to do BIN, you will need to act quickly because once there is a bid on it, you can't change to BIN (I was trying to do BIN for an item I wanted this week, but couldn't as someone else bid on it). I would give the potential buyer a fiqure above what you are looking for, then you might achieve the price you want.

Thanks. Do I give them the figure via email (ie. privately) or should I just change the listing to BIN? Presumably you have to pay an extra fee for BIN?

I think you just go in and amend the price to the BIN price, but I guess you run the risk of hoping the buyer will still buy it.

I haven't done it before, but if it was me I would email the buyer and give them the price for BIN as see what they say. At the end of the day you don't want to set a fiqure that is unrealistic to anyone else as you want rid of the high-chair.

Thanks.

Any suggestions for how much I should ask for? I was hoping the auction would go for up to £90ish quid, there are a lot of people watching the item.

Tell them you want £110 and see what they say. You could then negotiate down to the £90. If they don't agree, just let the auction run and see what happens, you never know you may have a bidding war in the final few seconds!

Good luck

I think £110 is pushing it, but thanks for encouraging me to be cheeky! I'll try £95. But I'm assuming I have to post the BIN price officially -- presumably it's very bad form to agree a BIN price privately and then pull the listing, no?

Bump -- need to make a decision...

Yes, it would be bad form to do it privately.

Thanks! Off to revise my listing now.