what to pay?

jasonsabala · Post by **jasonsabala** » Wed May 15, 2013 8:07 pm

I just saw this shopsmith listed at a rummage sale. I really like the look of it, but was wondering what yall would offer for something like this. It looks like a ton of accessories.

Thanks for any finacial adivce you might share,

wa2crk · Post by **wa2crk** » Wed May 15, 2013 8:26 pm

I see a lot of stuff there. I do not see a belt sander. Looks like a 510 with tables , extension tubes, support legs, jointer laying on the way tubes, bandsaw, strip sander and a whole lot of stuff that I can't see clearly. What is a rummage sale in your neck of the woods. Similar to a sale at a charity where stuff is donated and the charity gets what it can, or is it more like a garage sale?
I am cheap so I would start at $500 and see where the offer goes.
Bill V
PS: Are you looking to add to what you already have and sell the rest or do want a complete system for yourself? I have bought a few systems to get what I wanted and sold the remaining stuff. Sometimes I make my money back and other times I get what I wanted for little or no money

joedw00 · Post by **joedw00** » Wed May 15, 2013 8:35 pm

WOW that is a lot of stuff. I'm cheaper than Bill. I would start off at $300.00.

dusty · Post by **dusty** » Wed May 15, 2013 8:57 pm

You guys come into my garage and offer me $300-$500 for that collection - I'd run you off with a machete.

The 510 and bandsaw with tables and tubes are by themselves worth $500. Then a surface planer, a scroll saw and a strip sander and what ever else is in that pile.

A grand ($1000) would not be a rip off.

BuckeyeDennis · Post by **BuckeyeDennis** » Wed May 15, 2013 9:15 pm

That planer hiding on the right side makes this a real find. My advice: don't guess at what they want for it. Ask them. Never hurts to ask.

Best case: they give you a bargain price, and you snap it up on the spot.

Worst case, they give you an unrealististicly high price. If that happens, ask them why they think it will bring that much. They will probably answer, and then you have much more information, should you decide to negotate.

For example, suppose they looked up eBay prices. Well eBay and PayPal are going to take a 15% cut off the top, if memory serves. And if the seller is not willing to dismantle, package, and ship, then the eBay value goes way down, maybe to diddly-squat. Rummage-sale price should be way less.

JPG · Post by **JPG** » Wed May 15, 2013 9:57 pm

I have never understood the 'what will you give me for it' mentality of a 'seller'. Now a buyer is quite in line asking how much do you want for an item 'for sale'. After all the whole process is created by the seller placing an item for sale.

There has to be a starting point for any discussion/haggling etc. It should not be up to the prospective buyer to establish that.

I agree 1K is a reasonable price, but would not start there if I was either the seller or the purchaser. We do not know the condition of any of that stuff. Any negatives would detract from that value.

Rummage sale? Ask for a price first then counter offer as low as yer conscience allows.

My last 'purchase' did not include a counter offer. My conscience was rumbling with my giving him his asking price! Yes I got a bargain!!!

Good Luck with this.

joedw00 · Post by **joedw00** » Wed May 15, 2013 10:15 pm

dusty wrote:You guys come into my garage and offer me $300-$500 for that collection - I'd run you off with a machete.

The 510 and bandsaw with tables and tubes are by themselves worth $500. Then a surface planer, a scroll saw and a strip sander and what ever else is in that pile.

A grand ($1000) would not be a rip off.

I did say start off with $300.00, and they can tell you what they want.

db5 · Post by **db5** » Wed May 15, 2013 10:20 pm

JPG40504 wrote:I have never understood the 'what will you give me for it' mentality of a 'seller'.
Rummage sale? Ask for a price first then counter offer as low as yer conscience allows.

Excellent advice. I spent years training, teaching and coaching sales people on how to sell to corporations. The process is the same for people. The seller sets the price (opening bid) after presenting the value to the customer. Any customer who asks "what will you offer?" hasn't a clue. There is only one response, "Let's start at one dollar]really [/U]want for this - then pause - wait - wait until you get an answer. You negotiate up from one dollar and down from what the customer wants.

At some point you reach a middle-ground which is almost like "split the difference." The seller may even say that. Here's how you handle that. "So, were only $50 apart ($100 - $200 - $300 - whatever). It would be a shame for this to not happen for only $50 ($100 - $200 - $300 - whatever). Then say nothing - nothing - nothing. More often than not you will buy it at your price. People don't like to deal in uncertainty (what if I don't get another offer).

If you are the seller and you run into this you reply by agreeing; "Yes, it would be a shame. (The prospect wouldn't have said what he did if he didn't want it). There are personal reasons I don't want to move off that price (no one will ask about personal reasons). It's your decision." More often than not you will have a buyer. People don't like to deal in uncertainty (what if I can't find another one).

Since advice is worth just what you paid for it. . .

JPG · Post by **JPG** » Wed May 15, 2013 10:21 pm

joedw00 wrote:I did say start off with $300.00, and they can tell you what they want.

The planer alone is worth more than that!:rolleyes:

BuckeyeDennis · Post by **BuckeyeDennis** » Wed May 15, 2013 10:34 pm

JPG40504 wrote:The planer alone is worth more than that!:rolleyes:

Yea, but so what? I bought a very nice Pro Planer with casters for $225 last hear, just by snapping up a Craigslist asking price as fast as I possibly could. The seller, a really nice guy, even threw in an extra set of blades, covers for all the SS equipment that he used to own, and a big stack of 12" sandpaper disks to boot. He had upgraded to bigger equipment, and was very happy with the transaction. I was ecstatic!

Always ask what the seller wants. It just might be way less than you are willing to pay!