https://www.desidime.com/discussions/why-do-people-put-exorbitant-price-for-used-goods-in-olx-mygate-rant?page=1#post_10124920
They put exorbitant price because buyers offer ridiculous low prices for example i was selling a headphone (brand new, sealed pack). Market price is 5000, so i offered 3000. The buyer asked for 300. I said no. Then he asked for my mobile number. Then he never called back. I asked why have you taken for number if you don't want to buy? He said he can buy for 300.
So i think he put my number on some spammer bomber. Ridiculous buyers!
for the seller THEY QUOTE HIGHER PRICES LIKE 90% OF REAL PRICE :) you can't complain:)
They put exorbitant price because buyers offer ridiculous low prices for example i was selling a headphone (brand new, sealed pack). Market price is 5000, so i offered 3000. The buyer asked for 300. I said no. Then he asked for my mobile number. Then he never called back. I asked why have you taken for number if you don't want to buy? He said he can buy for 300.
So i think he put my number on some spammer bomber. Ridiculous buyers!
They put exorbitant price because buyers offer ridiculous low prices for example i was selling a headphone (brand new, sealed pack). Market price is 5000, so i offered 3000. The buyer asked for 300. I said no. Then he asked for my mobile number. Then he never called back. I asked why have you taken for number if you don't want to buy? He said he can buy for 300.
So i think he put my number on some spammer bomber. Ridiculous buyers!
The most unbelievable thing here is you shared your number, when he offered only ₹300 for ₹3000 product. And also were expecting the call back.
Now to your main point. ok I get it, they put high prices, when People offered them the correct prices even then they don't budget, just like It happened in my case.
When we pay for something, we always remember the price at which it was bought and expect the same or slightly less if we do decide to sell it. If not, our brains tells us it's a loss.
This is a major reason.