"OBO" stands for "or best offer" when buying horses. It means the seller is willing to negotiate the listed price.
How It Works
- The seller sets a price but is open to lower offers. They may accept a lower price if it is a good offer for them.
- Buyers can make offers below the asking price. This gives buyers the opportunity to get a good deal.
- The seller can accept, reject, or counter-offer. The seller decides whether the offer is acceptable or wants to propose a different price.
Essentially, "OBO" indicates that the price is negotiable. It is common practice in the horse buying world and allows for flexibility in pricing.
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