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How to figure what to sell bass for?

Discussion in 'Basses [BG]' started by Andrew B., Dec 10, 2013.

  1. Andrew B.

    Andrew B. Supporting Member

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    I want to sell my Ibanez SR 700 Bass. I don't want to sell it over the Internet (too complicated), but I would like to sell it locally. I have no idea how much to discount it for being second hand. It's in mint condition.

    I bought it three years ago and it has never left my living room. Looks brand new. No sign of wear.

    I want to charge a price that is fair to the customer and me. But I have no idea what to charge. I've looked online for used ones in my area, and the prices differ greatly. Suggestions welcome.
  2. RxFunk

    RxFunk

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    My general rule for mass market, easily available instruments is usually 50-60% of what it sold for new(not the MSRP).
  3. bassteban

    bassteban

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    I'd ask 75-80% of what it went for new and be prepared to drop to 50-60% or whatever bottom line I could accept
  4. elgecko

    elgecko

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    I'd search for completed Ebay listings for similar basses.
  5. b-bottom

    b-bottom Supporting Member

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    +1
  6. Reddog01

    Reddog01

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    Generally, in retail that involves selling both new and used, there is a formula involved. If a retailer were to get the bass from you, they would most probably ask about 75% of the new price in the store. They would offer you about 50% of their resale price. For example, you traded in a bass that has a current retail price of $1,000, they would most probably price it used for $750. They would offer you 50% of the $750, which would be $375.

    Knowing that, gives you some power. This means that you could sell your bass for $600, giving you $225 more in your pocket and saving your buyer $150. You both come out ahead. You will always come out ahead selling it yourself, and the buyer comes out ahead also.
  7. Maxdusty

    Maxdusty

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    You can probably charge towards the high end of the spectrum given the condition of the bass as you mentioned. Also, are you including a case or gig bag?
    For reference, here's what Guitar Center charges for used. The one for 549.99 is for one in excellent condition. Low end 349.99. I'd list it for $500 obo. (putting obo gives buyer a little wiggle room to negotiate a lower price). If you're including a case, perhaps $550.

    http://www.guitarcenter.com/Search/Default.aspx?internal=1&browser=&fsrc=sr700&src=sr700
  8. DiabolusInMusic

    DiabolusInMusic Functionless Art is Merely Tolerated Vandalism Supporting Member

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    Your a supporting member here, you could just post pics and ask, that is one of the perks.

    Assuming your bass looks mint, your probably looking at $500 for a slow sale, $350for a quick sale.
  9. Andrew B.

    Andrew B. Supporting Member

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    Thanks. This is very helpful. I now have an idea of how much to charge.
  10. axelrod

    axelrod

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    Love it. Got a great deal at GC I think it was 299 with a ding in the varnish on back, otherwise perfect.
  11. Phalex

    Phalex Yeah, I've got the moves like Jagger. Supporting Member

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    Half what I paid plus a couple of hundred for head room to haggle.
  12. smcd

    smcd Supporting Member

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    Exactly correct.



    Realize that when you list your bass locally, every buyer will go to ebay completed listings first, and GC second. They'll be looking for a better deal than what's listed on those sites, as you can't offer the money back guarantees they do.
  13. mellowinman

    mellowinman

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    I picked one up for around $500.

    I consider that a fair price.

    It was in almost mint shape; one finish blemish on the back side, by the cover plate.

    I didn't know about the blemish when I bought it, but it was no big deal. I slapped a little clearcoat on it, and that was it.
  14. mmbongo

    mmbongo Supporting Member

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  15. Andrew B.

    Andrew B. Supporting Member

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    If you wanted to sell an instrument locally, would you use Craigslist?
  16. Habilis

    Habilis Supporting Member

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    With Craigslist you always have to pay the Flake Tax, which is 1-4 people saying they're on their way over to see the item and then disappearing off the face of the earth. Kind of irritating. Also, ("pro tip" :)) always price things in multiples of 20 because that's what people will be getting out of the ATM on their way to you.
  17. Sav'nBass

    Sav'nBass Supporting Member

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    I generally check eBay and CL to see what similar basses are selling for used and depending on if it is local or being shipped I will sell it for close to that price give or take.
  18. Andrew B.

    Andrew B. Supporting Member

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    Thanks. I can deal with that. I'm not in a hurry. What I worry about is crazy people.

    I'd do this on ebay but I'm not fully able and it would be too much to try to box and ship it. I guess I could advertise here in case someone near me wants it. I know it's a long shot, but maybe I should consider it.

    Anyway, before today I was not sure I wanted to sell it. But now I have another bass in mind I'd like.
  19. Joe Nerve

    Joe Nerve Supporting Member

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    Disclosures:
    Endorsing artist: Musicman basses, Hipshot products
    SR700 at Musiciansfriend goes for $750, new. Knock 15% off that immediately as that's how much they wind up selling it for to anyone who isn't an idiot, because they'll always go down 15%. They have 15% off sales every other week too, for people who don't like to haggle.

    Price of the bass brand new, with warranty and easy exchange is $636.

    Know that, and then price it as you want accordingly. That bass isn't in the greatest deman (not a P, a Jazz, Stingray, etc.), so I'd safely say you have to knock off at the very least another $150, which leaves you roughly around $475. I'd list it at that, but I wouldn't be hopeful. You might get lucky though. If it doesn't go out the door at that, I'd drop $25 every other week until it did go.

    People are not looking to make you happy though. They're looking to make themselves happy. I had an SX Les Paul guitar on craigslist last week. I paid around $160 new, and it was absolute mint condition. Including a great setup. Listed it for $125. Got offered $100, and took it. Today, some asshat emailed me (didn't take the post down yet) asking if I'd take $45. I thought that stuff didn't bug me anymore, but it did. At least I just deleted it this time, as opposed to write them back. Wanted to say, "Write me 50 good reasons why I should sell you this "like new" $160 guitar that I listed for $125, for $45, and then I'll do it." Or, "Tell ya what. I'll give it to you for free. Meet me at _ _ _ _ ." But I didn't.
  20. Joe Nerve

    Joe Nerve Supporting Member

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    Disclosures:
    Endorsing artist: Musicman basses, Hipshot products

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