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The sales is not made until payment is made so first to pay first served. That's the way I see it. In the past I've had buyers going on and on so you're holding an item then end up knocking other interested people. At the end of the day if the buyer is genuinely interested in the item and has read all the description and shipping instructions the only communication needed would be what's your BSB and acct#. Period. That keeps it simple IMHO.
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