OBO on Facebook Marketplace stands for "or best offer." It indicates that the seller is willing to negotiate the price and may accept a lower offer than their listed asking price. It is a signal of flexibility, inviting potential buyers to make a lower bid, often used to sell items faster.
or best offer: (used in an ad for something being sold, usually after citing the asking price, to say that the seller will consider accepting a lower price for the item). Used bike, together with panniers and water bottle, $200 OBO. All items at the garage sale are obo.
written abbreviation for or best offer: used in advertisements for possessions that people are trying to sell, to show that they will accept slightly less money than the price they are asking for: Exercise bike for sale - $40 obo.
With more buyer interest and the flexibility to negotiate, you're likely to get acceptable offers sooner. If you need to sell an item quickly, the back-and-forth of OBO can be worth it.
An OBO listing means that the seller is flexible and willing to go lower than their listing price if need be, even if they're still looking for the best possible offer.
In short, OBO means “or best offer,” and typically indicates that the seller who posted the listing is flexible and open for negotiation. Marking a car sale as OBO may also show that the seller could be looking to get rid of the car quickly, which you may be able to leverage as a buyer.
A lowball offer is typically one that comes in significantly below the asking price—often by 20% to 25% or more. While there's no strict definition, it's the kind of offer that risks offending the seller if not handled carefully.
In Search Of (Social Media/Marketplaces): In the online world, especially on platforms like Facebook Marketplace, Craigslist, and buy/sell/trade groups, ISO signifies that someone is looking for a specific item or service. Think of it as a digital "wanted" ad.
If you've been browsing through Facebook Marketplace or various buy/sell groups, you might have come across the acronym "PPU." This term stands for "Porch Pickup," a convenient arrangement where buyers can collect their purchased items directly from the seller's porch or designated pickup spot.
ISO stands for “in search of” on social media platforms. You'll often see it in posts when someone's looking for something specific. It's a quick way to ask for help or recommendations from your online network. On Facebook, Instagram, or X, you might use ISO to find: Local restaurant suggestions.
To spot an eBay scammer, look for suspiciously low prices, new accounts with poor feedback, generic stock photos, requests to pay or communicate outside eBay, vague descriptions, or odd payment methods (like crypto/wire transfers); always check feedback, communicate via eBay messages, and be wary of deals that seem too good to be true.
Facebook Marketplace is generally safe if you follow best practices like avoiding off-platform payments, verifying buyer and seller profiles, and understanding Facebook's payment protection policy. It also has built-in safety features to help protect users, such as buyer and seller ratings and fraud reporting tools.
This shorthand stands for "or best offer," a phrase that carries significant implications in the world of buying and selling. Essentially, when a seller uses OBO, they are signaling their willingness to negotiate; they're open to considering offers that may be lower than their listed price.
Increased Interest: By signaling price flexibility, OBO can attract more potential buyers who might otherwise overlook a property listed at a fixed price. Quick Sales: Sellers looking for a swift transaction can benefit from OBO by receiving multiple offers in a shorter timeframe.
A good-quality, brand-new student oboe may be purchased for about $1700. An intermediate instrument may cost about $3000 and professional oboes are generally $6,000 and up.
A standard oboe is 2 feet long. The oboe uses a double reed, two pieces of wood that look like a flattened straw. The two pieces of wood are tied together with string around a small metal tube. This forms the oboe's mouthpiece, which is inserted into the top end of the instrument.
Start low: When you are making an offer on a house, a good rule of thumb is to offer 5% to 10% lower than the asking price. Sellers often take this into account and market their property for more than they would accept.
When we see $20 off instead of $10 off for a $200 item, we think of the number 20, which is higher, so better. Mathematically, amount offs will look bigger than percentage offs when the price is higher than 100. When we perceive a promotion as better value, we're more likely to buy it.
For instance.. if an item is $50...you have a high chance to get me to accept your offer if you offer $40-$45.. but if you offer below 20% you will likely be declined because we need to make a profit too! Please keep this in mind! Lowball offers are not ok!
