Sell a 2nd Hand Item for a Brand New Price?

[jskadiang]

Obviously it depends on everyone else when you sell your stuff. It's just whether people are willing to pay that much for the item. Like for Teleplayer, no one is gonna buy his pickups if they can find a better condition or newer one for a similar price. Factors like condition and age come into play when pricing an object.

And to sum up OP: "GRR I am ANGRY at things that do not affect me"

 

[teleplayer]

^ like wad jms said, supply and demand also play a part.. haha. the pickups i am selling are not that common as replacement pickups in singapore... these pickups came stock in G***** guitars... and very few people are willing to replace these pickups. haha.

 

[LadyInTears]

well i am, never was a fan of their stock pickups

 

[teleplayer]

^ yeah.. I am not a fan of their pickups now... thought their pickups were as good as the brand.

 

[daryle]

there is nothing that james or anyone on this forum can do to prevent people that price their items unfairly (highly subjective, by the way)

but i do have a good suggestion! place a large disclaimer at the top of all the buy/sell forums saying this:

NOTE! Be extremely wary of sellers that price second hand items more than the retail price. MAKE SURE YOU CHECK HOW MUCH THE ITEMS COST BRAND NEW BEFORE BUYING

how's that?

1)james won't need to go around policing the forums (most important benefit here, james )

2)our buyers will be more wary

3)sellers will eventually be compelled to state the retail price or at least provide information leading to the retail price or risk being shunned

 

[LadyInTears]

thats a good idea, such dumb theads wont appear anymore, and if they did, we could all laugh and say, read the disclaimer la! haha

 

[theliverevolution]

NOTE! Be extremely wary of sellers that price second hand items more than the retail price. MAKE SURE YOU CHECK HOW MUCH THE ITEMS COST BRAND NEW BEFORE BUYING

2)our buyers will be more wary

3)sellers will eventually be compelled to state the retail price or at least provide information leading to the retail price or risk being shunned

I'm afraid that this may lead to a lot of lowballers. Some people keep their goods in very good condition, until its almost brand new. THere's bound to be idiots who would harp on this and try to lowball the sellers. Must as well we don't even sell anything here anymore, since its going to attract lowballers then actual, genuine buyers

For example, if I have iPod Nano, that is in good condition. No scratches, no marks, etc. I decide to sell it for $190, which is about $50 to $60 cheaper.
Some other guy is selling the same Nano, in a bad condition, for $120.

Sooner or later I'm going to have people lowballing me, complaining on why I'm selling my Pod for so much expensive as the latter person. However, I've kept my Pod in a good condition. I feel that the price is justifiable, so why are people bothering how much I've sold it for?

I've always believed in demand/supply factors. If there is a demand for it, there's bound to be supply. However, if the suppliers are pricing their goods at a price that the the people who demand it don't deem fit, then its the loss of the supplier. Eventually he'll realise that he's getting nowhere and he'll eventually lower his price

 

[lazy3yed]

I was selling my guitar at 550(retail ard 900) and offered the guy to trade with his guitar. He was selling his guitar for 650(retail ard 700). And this is what the guy replied me
"U selling your guitar at 550 and i'm selling mine at 650, how much u willing to top up?"

so i replied
"based on the retail price, actually mine is higher than urs. Honestly, I do expect a slight top up of 50 bucks from you"

Seriously, I dun understand this. The trade topup should be based on the price YOU are selling, not the retail price. Right?

 

[daryle]

For example, if I have iPod Nano, that is in good condition. No scratches, no marks, etc. I decide to sell it for $190, which is about $50 to $60 cheaper.
Some other guy is selling the same Nano, in a bad condition, for $120.

Sooner or later I'm going to have people lowballing me, complaining on why I'm selling my Pod for so much expensive as the latter person. However, I've kept my Pod in a good condition. I feel that the price is justifiable, so why are people bothering how much I've sold it for?

you answered your own question: encourage sellers to post specific reasons to justify their prices.

seriously, if they can't justify their prices, then we have enough reason to doubt their authenticity as sellers.

personally, i think it is absolutely fine to price your items high if, like you said, the item is is very very good condition.

i myself have bought an EHX metal muff at 170 (retail price at the time: 180) when the seller could prove that the item was only 2 weeks old with receipt and box and all.

i understand your concerns about lowballing though. i've been lowballed countless times. People offering 20 bucks for my bad monkey in perfect condition.... people offering 30 bucks for my V847....

the disclaimer is a way of encouraging sellers to justify their prices and state specific reasons. i don't actually see how it would increase the number of lowballers.

and even so, lowballing is subjective (much as sellers hate to think so). If the buyer thinks your ipod can be bought over for 10 bucks, and you think he's a jack ass, just ignore him and move on.

main point: if your item is priced high, state your reasons for its high price. no one is going to whine like a baby with

"eeeeeehhhh!!! i'm a blind cock and i didn't read the rest of your thread!!! i simply refused to read the reasons as to why you priced your item so high!!!! why ah?????"

 

[superpotato_30]

Simple :

Dont like, dont buy.

No one forces you to.

Some sellers are really in financial situations and thus require that amount of money go help ease tensions.

Sell too high people complain not worth it

Sell too low = confirm got defect with the item.

How?

Get rid of buy sell la. complain so much.

 

[guitarsan]

Seller willing to sell at that price + Buyer willing to buy at that price and condition = Transaction

Seller agreed to terms and price + Buyer agreed to terms and price = Transaction

Seller priced item too high = Buyer negotiate for lower

Seller priced item way too high = Buyer ignore

Buyer offered too low = Seller ask for higher

Lowballer = Seller ignore

Most buying and selling are just simple procedures (unless it involves fraud or misrepresentation). So why must people put meanings and sentiments into every buying/selling situation and complicate matters? Just a thought.

 

[theliverevolution]

Seller willing to sell at that price + Buyer willing to buy at that price and condition = Transaction

Seller agreed to terms and price + Buyer agreed to terms and price = Transaction

Seller priced item too high = Buyer negotiate for lower

Seller priced item way too high = Buyer ignore

Buyer offered too low = Seller ask for higher

Lowballer = Seller ignore

+1. Nice way of putting it simply

 

[theliverevolution]

you answered your own question: encourage sellers to post specific reasons to justify their prices.

Hmm. Thanks for telling me that. I guess I didn't see the answer

 

[pullmyfoot]

Stop being babies. I completely agree with the people who say that it is completely up to the seller to price it how he wants and up to the buyer to DO HIS REsEARCH FIRST. If he didnt and could have paid a little lower, too bad.

Buying and selling has been around for thousands of years. If you dont like it, dont whine and go live under a rock instead (i dont mean to sound as angry as i did).

 

[AvonRellets]

This thread makes me glad we decided to disable replies in the Buy/Sell section.

 

[nonuz]

yes , if expensive no need to buy and no need to angry

 

[junkiemanxl]

It's logical.
If it's overpriced and you think it's a rip off, DON'T BUY IT.
If it's overpriced and you can afford it and want it badly enough. BUY IT.

Sellers have the right to sell their items at whatever price they want and buyers have the right not to buy an item if it's not within their budget or being overpriced. put it this way... The seller loses the ability to sell their own product if its overpriced. It's his/her loss. As a seller, it's normal to want to get the best price possible on the sale and vice versa for buyers.

Example
You plan to buy a signature strat. You walk into a "shop A" selling that guitar at $2.8k. You continue looking and see "shop B" selling the same guitar at $4k+. Both selling similiar items, same condition and in the same building. Would you kick up at fuss at shop B demanding them to reduce their price to $2.8k? (and yes, this kinda inflation is happening in a lot of shops in general)

No crime here. The only crime i see sometimes is that buyers get bitter when they can't close a deal at their desried price. The G.A.S and frustration can be overwhelming sometimes.

I do see the beauty of the reply button removed to a certain extent.
I cant agree more that homework is very important when you choose to buy something.

TS,
Chill man. Life is too short to be pissed. There is a lot of stuff to be bought and sold here. Just pick wisely.

 

[LEMONed_Z]

Seriously, I dun understand this. The trade topup should be based on the price YOU are selling, not the retail price. Right?

I think it's fairer to base on retail price? But other factors like condition and age can come in.

Say you have an item that's 1yrs old but very well maintained that you decide to sell for $500 (retails at $800). Then one guy have an abused 3yrs old item, selling at $550 (but retails at $700). The guy msg you: "bro I selling at $550, yours $500, trade + top up $50 from you?" Will you still think that the trade should be based on the 2nd hand price?

 

[theliverevolution]

The trades should be based on the condition of the item before considering the retail price, THEN the selling price of the item, IMHO.

2nd hand selling price is always subjective. I can always up or down my price as and when I fancy. 1st hand price is what is accepted by the market in general, with the various forces of demand and supply acting

 

[Clem]

The trades should be based on the condition of the item before considering the retail price, THEN the selling price of the item, IMHO.

2nd hand selling price is always subjective. I can always up or down my price as and when I fancy. 1st hand price is what is accepted by the market in general, with the various forces of demand and supply acting

I was always piqued by this - if you bought 1st hand, no matter what you do with it (keep it pristine by never using it, or abuse it, or somewhere in between), the fact is that it's 2nd hand when you decide to sell it.

So 2nd hand goods will not fetch 1st hand prices, unless the buyer is really desperate for it (or buyer blur like sotong, never do his research first).

So if the seller price it too high, and there's no buyers, he'll need to consider lowering the price, or take the item off the resale market.

I reckon there must be some level of sanity in the resale market, especially for buyers who lust after a particular item, and for sellers who try not to lose too much $$ when they resell.

As long as something is 2nd hand (and not rare), it should only fetch up to 60% of the retail price. If the item is really, truly pristine, then maybe the seller can priced it about 70% of retail price, buyer willing.

Peace.