On Fb Market, “OBO” is an abbreviation that stands for “or finest provide.” It’s generally utilized by sellers to point that the listed worth of an merchandise is negotiable. This indicators to potential patrons that the vendor is open to receiving gives decrease than the said worth and is prepared to think about promoting the merchandise for a decreased quantity. For instance, a list with a worth of “$50 OBO” means that whereas the vendor ideally needs $50, they’re receptive to affordable gives from events.
The inclusion of “or finest provide” advantages each patrons and sellers. For patrons, it presents a chance to doubtlessly purchase an merchandise at a decrease value than initially marketed, fostering a way of negotiation and potential financial savings. For sellers, it widens the pool of potential patrons by making the merchandise extra accessible to people with various budgets. Traditionally, one of these negotiation has been widespread in bodily marketplaces, and the usage of “OBO” transfers this observe to the web setting, enhancing the bargaining facet of on-line transactions.
