Evia above explains it perfectly. The only issue I've come across are people that are adamant about you being the one that makes the first offer when they're advertising something they want to unload. For me, it usually goes down like this in a /tell.
(Me) "I am interested in the X item. How much did you want for it?"
(Them) "Make me an offer."
(Me) "Actually, that's not an answer to my question. You obviously have an idea of what you would want for the item. Go ahead and name it."
(Them) "Make me an offer and I'll tell you if it will work."
(Me) "Thank you for your time."
At this point I've had sellers waste about 6 to 8 /tells to me asking what my problem is or why I wouldn't make an offer if I wanted the item at all. I guess being polite about refusing to play the "the first person that makes the offer loses." game isn't acceptable to some folks.
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