I had mentioned this issue in a previous discussion and possible solution, pasting them here because I am unable to locate it. Considering the amount of cyber fraud happening our classified section needs few changes I think.
" I have seen people buying from US and mentioning Indian Mrp for sale or selling it at a higher price than they paid (mostly dealers in disguise). Profiteering should not be allowed in a enthusiasts forum like this. But the premise of classifieds section becomes so complicated, as most of the sellers will definitely get a better price on HFV than Olx etc, so will that be considered as profiteering? No.
Sellers won't sell it here, unless they're assured of better price here, considering the issues involved like following the guidelines of HFV classifieds section and some amount of post Sale responsibility (which is nil in case of Olx selling), should be worthwhile. So it should be seller friendly as well.
This section works if and only if it's mutually beneficial for seller and buyer, so cribbing regarding the pricing is useless. " Its His Item for Sale, so his Price ; its your Money for Buying, you Bargain " should be the moto here. I don't buy the product irrespective of the deal, if there's at least 10 -15% discount over the best selling price for less than 6 months old items (best selling price in India if its an Indian purchase, US if its US purchase ). I mostly take the Audiogon or hifishark prices as reference when buying high-end used items. So ultimately the decision lies with the buyer.
My suggestions is to make the sellers more responsible, instead of dictating the Selling price :
1. Make a mandatory template to be filled ( the template itself shouldn't be user editable), don't approve the 'For Sale' thread without all fields filled
2. Clearly how old the item is? A basic information missing in most threads. Admissible for Vintage items, but what about others? How long you've been using it, if lying unused, how long?
3. Any history of in warranty or out of warranty Service carried out, including the details of Mods and the costs incurred
4. Field for mentioning Purchase price ( Exact cost incurred, USD conversion rate at the time of buying and customs paid etc)! not the MRP of the item ( which can be googled easily). Make this field optional IMHO. Invoice or soft copy are great if available. Also where did you buy it from? If you are expecting a price higher than what you bought it for, you automatically agree to pay 10% of the earnings or Rs 100 whichever is higher to HFV for maintaining the website! Failing which you'll not be allowed to post further in sales section.
5. Mention the Exact Model number ( missing in many threads) also the serial number!
6. Clear pictures with HFV handle, the front and rear of the device either posted on HFV and HiRes uploaded to image hosting websites links
7. A video of the device playing with low and high volume, in case of open to shipping and picture of the serial number of the device. Especially important when sellers want to be paid upfront.
8. A rating system for seller & buyers, the amount of transaction he carried out on HFV and the impression from the other dealing party, with a section for comments available publicly for everyone to read.
9. Anything above this, like verification of seller identity or the condition of the product can be done at a price, with a verified listing badge at a cost of course.
10. Make validity for Sale threads to a Maximum of 30 days, after which it will be deleted or can be reposted only after adding fresh pictures with date.
11. Not eligible to post in 'For sale threads' if you don't have 30 mandatory posts in the forum ; a endorsement from the well known member is must for your initial sale thread, Especially important if you are open to shipping and expect the buyers to pay beforehand.
12. Separate Section for ' Not Owner Sale posts ' ( even when you're selling on behalf of friends) Where anyone can post anything ( according to mandatory Sale thread guidelines) and a nominal fee of Rs 100 per Item needs to be paid upfront to HFV for listing it. Even Gifted items and Items won in contests can be sold here.
13. No question of adding 'no lowballing' or 'don't crap my thread' sentimental posts if you haven't mentioned the purchase price incurred by you. You're in a market section, and trying to sell a product without mentioning the clear credentials, better get used to this! But keep the order of civility in discussions.
I don't think there will be any issues whatsoever if such mandatory listing disciplines are followed. Hopefully Mods may make amendments if possible."