Craigslist Buyer wants a refund

[FreddyR]

New York.

I recently had a death in the family and was asked to sell the family members 500 vinyl record collection. Made a list of all the records and sent to a few collectors. There was a lot of interest. One of the collectors came to look at them. He stated that they were reissues an the value wasn’t near of what original would be. Original being $300-1000, reissue .50 -$10. He was not interested in the collection. I then listed on Craigslist. As a “Rare Record Collection” I listed this ad w/ no value to Make Offer. I had some interest. Someone offered $800. Another person came over spent an hour looking them over.
He made an offer of $1000. He said he wanted these records for himself no to resell. We shook and he left with the records.
2 days later he called and complained they are reissues and wants his money back. With a lot of back & forth I agreed to give him $200 back.
Do I need to give this partial refund?

Thanks!!

 

[xylene]

Why did you agree to the refund?

Why do you feel a desire to rescind that agreement of a refund now?

HOW did you come to the agreement you'd give a refund? In person, by phone, email, in writing?

Did you advertise the records as original? Did your own agent or appraiser ever evaluate the records?

 

[FreddyR]

Why did you agree to the refund?

Why do you feel a desire to rescind that agreement of a refund now?

HOW did you come to the agreement you'd give a refund? In person, by phone, email, in writing?

Did you advertise the records as original? Did your own agent or appraiser ever evaluate the records?

We spoke on the phone. They where not listed as original or reissue. only said “Rare Record collection”
I haven’t given a refund yet

 

[FreddyR]

We spoke on the phone. They where not listed as original or reissue. only said “Rare Record collection”
I haven’t given a refund yet

 

[xylene]

We spoke on the phone.

I'm trying not to grind you here, but could you elaborate on that conversation just a little bit. You said it was extensive in your own first post.

What did you talk about? What was his rationale for demanding money?

And this important Q: Why did you agree to the refund?

Personally - I would not return the money. BUT I also would not have agreed to return any money. And I also would have had a lot more than a handshake to finalize a $1000 dollar deal. In the future when selling something that valuable get a signature acknowledging the deal is as-is and final no returns and give a receipt. That whay there won't be any arguments.

Let's understand why you agreed to that so we can get to a good understanding.

Should you tell this guy to pound sand and "sorry I meant no refunds" OR give hime 200 buck back and get him to sign a release of all future claims. Don't give any money back without that.

 

[FreddyR]

I'm trying not to grind you here, but could you elaborate on that conversation just a little bit. You said it was extensive in your own first post.

What did you talk about? What was his rationale for demanding money?

And this important Q: Why did you agree to the refund?

Personally - I would not return the money. BUT I also would not have agreed to return any money. And I also would have had a lot more than a handshake to finalize a $1000 dollar deal. In the future when selling something that valuable get a signature acknowledging the deal is as-is and final no returns and give a receipt. That whay there won't be any arguments.

Let's understand why you agreed to that so we can get to a good understanding.

Should you tell this guy to pound sand and "sorry I meant no refunds" OR give hime 200 buck back and get him to sign a release of all future claims. Don't give any money back without that.

He said he didn’t want them since they where reissues, they were crap and didn’t wanna play them on his record player...he didn’t even play them. he said he fucked up and I should do the right thing. He wanted 500 I said no way, that’s where I came w/ 200 from what another guy was gonna pay.

It was also late at night was hit off guard. I’m writing to u because I’m questioning my decision.
I’m thinking not to furnish a refund

 

[FreddyR]

Where can I get a release form. Are there official forms on the web? I assume he will have to notarize?

Thx,
Andy

 

[quincy]

You can put "release of future claims form" into your search bar to find a form you can use.

 

[FreddyR]

I'm going to refund 200, I need that in the release, I can't find one that has it with an amount.

Thanks

 

[quincy]

I'm going to refund 200, I need that in the release, I can't find one that has it with an amount.

Thanks

You will have to use your own figures and facts.

 

[Just Blue]

I don't know...I'm thinking that OP falsely represented the collection by saying they were rare. re-issues are not rare.

 

[quincy]

I don't know...I'm thinking that OP falsely represented the collection by saying they were rare. re-issues are not rare.

I agree that the use of "rare" might have been an inaccurate description of the record collection but, with "make offer," it was on the purchaser to determine the rarity and the worth.

If someone is going to invest $1000 in a collection, they should be able to assess the value prior to purchase. Once purchased, an as-is sale is (generally) a final sale.

 

[xylene]

1. Without knowing the artists and albums the applicability of rare is impossible to determine.

2. Of course rarity is also determined by other things. The location being offered or the size of the collection. It is rare enough to find 500 vintage records purchased new by one collector for sale as a lot. Perhaps that's even quite rare in parts of New York.

 

[quincy]

1. Without knowing the artists and albums the applicability of rare is impossible to determine.

2. Of course rarity is also determined by other things. The location being offered or the size of the collection. It is rare enough to find 500 vintage records purchased new by one collector for sale as a lot. Perhaps that's even quite rare in parts of New York.

I agree that "rare" can mean different things, including referring to the size of the collection or condition of the items in the collection.

 

[Whoops2u]

I agree that the use of "rare" might have been an inaccurate description of the record collection but, with "make offer," it was on the purchaser to determine the rarity and the worth.

If someone is going to invest $1000 in a collection, they should be able to assess the value prior to purchase. Once purchased, an as-is sale is (generally) a final sale.

I go to used bookstores a lot. One thing that I'm seeing more and more of the last couple of years are patrons using their phones to scan the bar code on a book before purchase. I've asked people why and the answer is arbitration. They're using phones to find what the books sell for on ebay and determine if they can make a couple of dollars on a purchase.

I have no sympathy to a person who buys a record collection without the intent to listen to it in the hope of negotiating a lower price if the guesstimate of value was wrong.