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Resale....why such a hassle??

Anyone else find selling used gear to be a total pain in the patoot? Lots of insane low balls and ridiculous trade offers. It's not 2002 anymore. Or 1987 for that matter. Prices have gone up. Maybe it's just where I live, maybe there's just not much of a market. But boy is it a hassle.

There's a market...a buyers' market.

Riis
 
Methinks your expectations are too high, OP. Value is ultimately set by the buyer. You don’t have to sell, but complaining about it when the buyer has spoken is on you. ;)

I’ve never had a problem selling equipment when I want to move it but I try to price it at a point that will make it reasonably attractive. Might not what I’d like to get for it but the point is to sell it.
 
Methinks your expectations are too high, OP. Value is ultimately set by the buyer. You don’t have to sell, but complaining about it when the buyer has spoken is on you. ;)

I’ve never had a problem selling equipment when I want to move it but I try to price it at a point that will make it reasonably attractive. Might not what I’d like to get for it but the point is to sell it.

I've had good luck with both buying and selling for some time now. I also set realistic expectations, don't overpay when buying and don't get frustrated with the lowball offers that always come. A good, and honest ad description with quality photos make a huge difference.
 
I have good luck with buying because I keep it respectful and sensible. Selling, I know going in you're never going to get what you'd really like. But everyone knows what's something's worth. Offering 100 bucks for an MIM? Then getting sour about it and making a Craigslist post? (Happened to me about 7 months ago). Turned out to be the only bass i couldnt move. Maybe we just have a troll or two out there but emails funnel in with insane offers. Or squire trades for anything. A squier for a EBMM? If I'm selling something for say, $500, and I get an offer of 300 . That something you can work with. But 100 bucks and a bag of carrots? C'mon



Maybe we do have a troll around here....
 
Anyone else find selling used gear to be a total pain in the patoot? Lots of insane low balls and ridiculous trade offers. It's not 2002 anymore. Or 1987 for that matter. Prices have gone up. Maybe it's just where I live, maybe there's just not much of a market. But boy is it a hassle.
Increasing prices of new gear doesn’t necessarily increase the value of used gear. If you’re selling a piece of gear that's a dime a dozen. For example a Fender or a musicman I’ve watched the prices for new ones double over the years, the used value has gone up some but no where close to same rate as the new prices. Because of this those particular basses went from being products we used to buy new knowing the resale value would be good to now being basses that much like many others you’ll be lucky to sell it for half of what you paid new. It’s definitely not an issue with rare high demand gear though. Take dingwall production basses for example. I saw one sell the other day for 90% of what I paid for mine new and I have a 2018 so I’m not talking old prices. But they are much harder to come by than say a fender and buying new often means waiting several months to get it then. I had to wait two months to recieve mine because I wanted a finish no one had in stock at the time. And that was actually quicker than normal because the dealer I bought it from actual had that finish on order for a couple months before I ever contacted them. I can buy Mexican fenders used in the $300-$400 range all day long, I can find American made fenders and Musicmans for sale used for under a grand despite their ever increasing new prices. Part of it with those basses is they’ve saturated the market over several decades. I also think theirs a lot of sellers out their that are posting stuff at unreasonable prices because they saw another bass for sale at a certain price. Just because someone lists a used bass at a certain price doesn’t mean it will sell for that. There are a lot of people who post gear for sale that don’t really want to sell it so they list it for a ridiculous price to maybe get their spouse off their back, “ honey I’m trying to sell one” or they aren’t in a rush to sell and are wishful thinkers lol. I typically like to use Ebay to keep an eye on used value. You can see what a particular model bass has recently been selling for. Though I do recommend when looking at that to investigate a little further and make sure an item didn’t sell below the normal market value because it was damaged or something. I consider what they’ve actually been selling for at the condition they are in And make the decision to sell or hold on to it and I really don’t have this problem with tons of lowball offers. Every once in a while I might get a message from a wishful thinking buyer who can’t afford the item but I’ll say “Sorry, im not willing to go less than yada yada” and they always seem to understand.
 
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Increasing prices of new gear doesn’t necessarily increase the value of used gear. If you’re selling a piece of gear that's a dime a dozen. For example a Fender or a musicman I’ve watched the prices for new ones double over the years, the used value has gone up some but no where close to same rate as the new prices. Because of this those particular basses went from being products we used to buy new knowing the resale value would be good to now being basses that much like many others you’ll be lucky to sell it for half of what you paid new. It’s definitely not an issue with rare high demand gear though. Take dingwall production basses for example. I saw one sell the other day for 90% of what I paid for mine new and I have a 2018 so I’m not talking old prices. But they are much harder to come by than say a fender and buying new often means waiting several months to get it then. I had to wait two months to recieve mine because I wanted a finish no one had in stock at the time. And that was actually quicker than normal because the dealer I bought it from actual had that finish on order for a couple months before I ever contacted them. I can buy Mexican fenders used in the $300-$400 range all day long, I can find American made fenders and Musicmans for sale used for under a grand despite their ever increasing new prices. Part of it with those basses is they’ve saturated the market over several decades. I also think theirs a lot of sellers out their that are posting stuff at unreasonable prices because they saw another bass for sale at a certain price. Just because someone lists a used bass at a certain price doesn’t mean it will sell for that. There are a lot of people who post gear for sale that don’t really want to sell it so they list it for a ridiculous price to maybe get their spouse off their back, “ honey I’m trying to sell one” or they aren’t in a rush to sell and are wishful thinkers lol. I typically like to use Ebay to keep an eye on used value. You can see what a particular model bass has recently been selling for. Though I do recommend when looking at that to investigate a little further and make sure an item didn’t sell below the normal market value because it was damaged or something. I consider what they’ve actually been selling for at the condition they are in And make the decision to sell or hold on to it and I really don’t have this problem with tons of lowball offers. Every once in a while I might get a message from a wishful thinking buyer who can’t afford the item but I’ll say “Sorry, im not willing go to less than yada yada” and they always seem to understand.
You described the market as I see it. Maybe it's a local thing then. Cuz I get some rude messages about a starting price of 400 bucks.
 
You described the market as I see it. Maybe it's a local thing then. Cuz I get some rude messages about a starting price of 400 bucks.
Depends on the bass and wether it includes a case or not. With a good case that would be a reasonable deal imo. Without a case I would personally just keep scrolling at $400 for a Mexican fender because I know I could find a better deal. But I definitely agree with you that $100 is a ridiculously low offer for them. I wouldn’t get bent out of shape about it though I’d just reply with “lol”
 
You described the market as I see it. Maybe it's a local thing then. Cuz I get some rude messages about a starting price of 400 bucks.
It very well may be a local thing. My job pays 50% more in some areas of the country and in other it pays less. My wife works in public education and her job pays up to 100% more in some states. Higher paying states tend to also have higher home values so that’s going to impact what people value the dollar at. I know for me a dollar is nothing these days, you can’t buy a 20 oz Pepsi for a dollar anymore. To give another example in the break room at my job they often have the home improvement network on the tv. People are always talking about how rediculous the prices are. But home values are low here because pay outside of a few different jobs is low here. I refuse to sell gear locally aside from bass cabs which are crazy to ship. People around here just don’t have any money.
 
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Depends on the bass and wether it includes a case or not. With a good case that would be a reasonable deal imo. Without a case I would personally just keep scrolling at $400 for a Mexican fender because I know I could find a better deal. But I definitely agree with you that $100 is a ridiculously low offer for them. I wouldn’t get bent out of shape about it though I’d just reply with “lol”

Agree, depends on the bass in question. For example, my MIM jazz would probably go for $100. Screws are stripped, pickups rusty, missing the tone knob and bridge is on its last legs. Still sounds good and feels nice though. It was my first bass, i'll never get rid of it.
 
I think the market is flooded from two sides.

1) There are tons and tons of used gear for sale right now. Even small-town Craigslist ads are overflowing.

2) At the same time, advances technology, manufacturing and global economics have caused a wave of really nice reasonably-priced new gear to hit the market.

So, in short, if I can't buy your used Mexi P for a few hundred bucks, I can either buy somebody else's for a few hundred bucks or buy an equally-nice new bass for a few hundred bucks.

Also, everyone is switching over to lighter gear and lighter basses. Heavy gear and basses will sell pennies on the dollar. The PA world is even more extreme in that regard. You almost can't GIVE away huge passive PA speakers and racks of power amps.

And, lastly, Made in America isn't as important as it once was. So American-made gear doesn't command the prices it used to (other than vintage, of course). A lot of younger players I talk to don't know and don't care where there gear is/was made. (Just an observation and not meant to be a lecture.) So your USA P bass might not automatically be worth significantly more to a buyer than a road worn or Flea sig P bass made in Mexico.

A lot of factors are squeezing the used market right now in my view.

My advice? Sell now. It will only get worse.

But that's just me.

(Edited to fix several stupid typos.)
 
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I would never sell a bass anywhere and expect to get top dollar in return for any bass.
It's always a loss for the seller.

I always physically take in and sell a bass to the local Music Go Round instead.
Even after that,I notice that the bass will not stay in their possession very long.
 
Yes, selling gear is a pain and you tend to take big losses. On the flip side, i see alot of people overpricing their gear for sale. It will be a used pedal and they only knock off 10% from the store price. Might as well just get the new one and benefit from a warranty and being able to assume the unit works well.
+100000000
 
Anyone else find selling used gear to be a total pain in the patoot? Lots of insane low balls and ridiculous trade offers. It's not 2002 anymore. Or 1987 for that matter. Prices have gone up. Maybe it's just where I live, maybe there's just not much of a market. But boy is it a hassle.

it's called buissnes my friend! and Negotiations is part of it ! that's just the way it is with anything being sold any thing YOU and I buy
from houses to scrap metal used or new stuff it's been like that since the beginning of time!
the Buyer goes up
the seller goes down !
again it's called "negotiating"
I'm sure at some point in your life you've been on the other end of the table as the buyer!
So I guess the only true solution to that problem for the one who can't deal with all the BS would be just DON'T SELL! accept the reality
it's just not for you!
 
I tend to sell used gear to Long and McQuade! They are rather fair in their assessments and give you 70% of what they think they can sell it for. It saves the months of no offers and lowball offers that are bound to come frustration! It may not what I want to get for it, but I don't like taking the immediate depreciation when bought new. Therefore, I try and buy used and I always get better resale on the gear
 

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