🔎 [i]>Willing To Pay

Definition

The term 'willing to pay' refers to the amount a buyer is ready to offer for an item, representing the unofficial price at the time of sale.

This price is typically agreed upon by both buyer and seller.
Due to potential delays between reporting and payment, the sold price isn't "official" until payment is made.
Occasionally, either party may attempt to back out, causing delays or cancellations.

Experts recommend not relying solely on a single sale to establish an item's probable value. Instead, follow these steps:

Collect Multiple Data Points: Gather as many sold prices as possible from various venues to establish a ballpark value.
Consult Experts: Seek opinions from several reputable specialists for comparison.

This method verifies your estimated ballpark value and offers essential guidance for major buying or selling decisions.