sharing my experience of purchasing a watch

[116520]

STRONGLY AGREED!!!

i dug out this old thread so that potential buyers can read about it. this thread is not targeting any buyer or seller.

i too was involved in a similar situation u experience recently. i sold a watch to a forum member. buyer was scrutinizing every part of the watch. pointed out about something not happy with. me and another person explain to buyer it comes as it is. nothing tampered. alot of ding dong here and there. eventually, seller paid and left with the watch.

some 10 hours later(same night), seller called me saying want a FULL REFUND. i said it is not possible as deal has been completed. my friends were telling me forget about the buyer. deal has been completed so many hours ago. now then come as for refund.

i offered to take the watch back @ a lower price which the seller initially refused outright. eventually seller took my offer. watch was returned some 20 hours later (almost whole day passed). i managed to sell off the watch some 3 days later.

so what i took out of this buy-sell transaction. once a deal is completed. no going back. what i did was purely out of goodwill as a seller. do note that as a buyer, u have to scrutinize the watch properly before you part your cash.

enjoy the JOURNEY to purchase a watch. some are good, some are bad. we learn daily. what has happened, already over. we all need to move on. i treat it as a lesson learnt.

[triton]

i dug out this old thread so that potential buyers can read about it. this thread is not targeting any buyer or seller.

i too was involved in a similar situation u experience recently. i sold a watch to a forum member. buyer was scrutinizing every part of the watch. pointed out about something not happy with. me and another person explain to buyer it comes as it is. nothing tampered. alot of ding dong here and there. eventually, seller paid and left with the watch.

some 10 hours later(same night), seller called me saying want a FULL REFUND. i said it is not possible as deal has been completed. my friends were telling me forget about the buyer. deal has been completed so many hours ago. now then come as for refund.

i offered to take the watch back @ a lower price which the seller initially refused outright. eventually seller took my offer. watch was returned some 20 hours later (almost whole day passed). i managed to sell off the watch some 3 days later.

so what i took out of this buy-sell transaction. once a deal is completed. no going back. what i did was purely out of goodwill as a seller. do note that as a buyer, u have to scrutinize the watch properly before you part your cash.

enjoy the JOURNEY to purchase a watch. some are good, some are bad. we learn daily. what has happened, already over. we all need to move on. i treat it as a lesson learnt.

[triton]

i like this Code of Conduct concept. this can be add on as a reference guidelines, really hard to enforce upon. but it would serve as a good gauge for everyone.

for your suggestion. blanjah u coffee on behalf of sg-roc mod team.

Hi Triton

Will bear that in mind. In fact, it should be made as a "Code of Conduct" for business transaction in SG-ROC.

[wind128]

Hi Triton

Sorry to hear of your experience. Thank you sharing your situation and learning points.

Will bear that in mind. In fact, it should be made as a "Code of Conduct" for business transaction in SG-ROC.

As a buyer, I cannot control the seller's profit margin, but at least I want to make sure that I can what I paid for: good condition, working order, original items. If the object for sale is not as described, then it should be highlighted.

If the "Code of Conduct" is not observed, then buyer can highlight the incident through the feedback system.

Anyway, SG-ROC is such a small community, seller do this kind of stuff, next time who will buy from him? I hope your 6694 seller read this and polish up and act and maybe do some recovery service/damage control.

Cheers.

[marineguy8888]

Conditions of sale

My 2cents on vintage/preowned watches .

1) Buyer take note of servicing charges for unserviced vintages . Verify with RSC the repair charges ,if the watch had not been serviced within the last 5 to 7 years . ( My 1675 was quoted $1500 for servicing charges )

2)Buyer/seller to agree on who pay verification charges in case of irregularities with bracelet/case/case-back/pin/dial/lugs/hands/crystal/box/papers/movement .

3)Money changed hands after buyer/seller fully accept all cosmetic or otherwise imperfections . Buyer to take note that seller may be selling a heirloom and do not know the history of the watch . Some honest sellers will inform buyer beforehand any misrepresentation but not all seller will do so . It is the buyers responsibility and choice to fully inspect and verify before committing to the sales .

Feel free to add on if needed .

[jazz_samz]

Totally agree.. Buyer should pay for the authentication while Seller bears the charges ONLY if it was NOT found to be Authentic, Untampered and Undamaged.

Personally speaking, if I was the seller, I will offer to pay the verification if buyer rejected the piece due to misrepresentation on my part. Misrepresentation can be in the form of:

• Watch found to be fake or has been "illegally" modified
• When I say watch has never been opened and RSC found that it was opened and tampered with

The above is just some examples. It is important to establish with buyer up-front on the "reject" conditions. Otherwise there will be a lot of room for argument later - which will not be pleasant for both parties.

[chongj88]

So who should pay for the RSC verification if buyer back off?

Personally speaking, if I was the seller, I will offer to pay the verification if buyer rejected the piece due to misrepresentation on my part. Misrepresentation can be in the form of:

• Watch found to be fake or has been "illegally" modified
• When I say watch has never been opened and RSC found that it was opened and tampered with

The above is just some examples. It is important to establish with buyer up-front on the "reject" conditions. Otherwise there will be a lot of room for argument later - which will not be pleasant for both parties.

[babyfolio]

1) If after RSC certification shows numerous / unacceptable number of faults, then buyer have EVERY RIGHT to back out of the deal whether seller likes it or not. UNLESS seller was transparent and informed all these on the onset before meeting up at RSC.
...

So who should pay for the RSC verification if buyer back off?

[116520]

Correct!

My take on this hard lesson....
I guess there is a need to have a consensus between the seller and buyer. The transaction will only take place AFTER RSC inspection / certification. Prior to that, money should not be passed on but only finalised if it is in accordance to mutual agreement ! Buyer bears the RSC inspection / certification fee.
Mutual agreement should be that :
1) If after RSC certification shows numerous / unacceptable number of faults, then buyer have EVERY RIGHT to back out of the deal whether seller likes it or not. UNLESS seller was transparent and informed all these on the onset before meeting up at RSC.
2) If after RSC certification, all is well, OR as according to what the seller promised, then buyer SHOULD NOT back out of the deal or negotiate down after that.

Both buyer and seller have a part to play so as to be fair to each other.

No matter how busy we are, we have to do the above before agreeing to purchase a pre-owned, else risk getting burnt...

[jazz_samz]

My take on this hard lesson....
I guess there is a need to have a consensus between the seller and buyer. The transaction will only take place AFTER RSC inspection / certification. Prior to that, money should not be passed on but only finalised if it is in accordance to mutual agreement ! Buyer bears the RSC inspection / certification fee.
Mutual agreement should be that :
1) If after RSC certification shows numerous / unacceptable number of faults, then buyer have EVERY RIGHT to back out of the deal whether seller likes it or not. UNLESS seller was transparent and informed all these on the onset before meeting up at RSC.
2) If after RSC certification, all is well, OR as according to what the seller promised, then buyer SHOULD NOT back out of the deal or negotiate down after that.

Both buyer and seller have a part to play so as to be fair to each other.

No matter how busy we are, we have to do the above before agreeing to purchase a pre-owned, else risk getting burnt...

[triton]

yes, he is around. he is busy with...........

true!! Good buyer/Seller or Bad buyer/seller... most forums have this...

btw.. Darkie is kind of quite today... is he ard???

[SeaRolex]

See my post in Feedback Thread. I got foresight

true!! Good buyer/Seller or Bad buyer/seller... most forums have this...

btw.. Darkie is kind of quite today... is he ard???

[Oceanklassik]

Ok. i understand where u coming from. After knowing the condition from RSC report, i contacted the seller and highlighted the issues. i proposed a reduced price which the seller is not agreeable.

im sure if you want to back of the deal then, no one can fault you if internal condition is not mentioned. seller cannot complain you back out of deal. i agree with you that things might get ugly depending on which perspective you come from.

for some people, few thousand is alot of money. for others it is peanuts. can u imagine if the buyer happens to be the one who view that few thousand is alot of money and purchase a lemon? how will the buyer feel. in a forum, we are here to share information whether good or bad.

if you notice, we used nicknames of a particular preown shop when we warn fellow members. how will the owner of the preown shop feel? that is why the thread title is sharing of experience. the overall experience is to help people what to look for when getting preown. there is always a learning curve, for some it is steep, for others is is gentle.

See my post in Feedback Thread. I got foresight

[jayeho]

i am actually looking for half gold sub, think hold it....
i have totally no experience see if it is a good rolex or not...

scary... like 7 months ghost story....haaa.....

Correct!!!

Sometimes, people mentioned these pre-own shop expensive that pre-own shop expensive... but you have give credit to those store owners who have years of experience of buying and selling watches... at least you are getting a watch from someone who has checked before selling to you....

[116520]

Correct!!!

Sometimes, people mentioned these pre-own shop expensive that pre-own shop expensive... but you have give credit to those store owners who have years of experience of buying and selling watches... at least you are getting a watch from someone who has checked before selling to you....

it is not about avoid one seller. but take it that there are alot of things to take note of when getting preown.