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Thread: Selling advice
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16th July 2023, 12:03 PM #1GOLD MEMBER
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Selling advice
Hello everyone,
Long time since I've posted here.
Due to circumstances beyond anything I could imagine, I'm going to start selling a decent amount of my woodworking equipment and timber (mostly for turning). Problem is, I'm procrastinating and don't know where to start.
The big ticket items I have to sell include my 3hp left tilt table saw (including blades and dado blades), drill press (and accessories), dust extractor, scroll saw and plenty of other items. I do have Vicmarc lathe however I'm not so keen on selling at this stage. All items have been garaged and all in excellent condition.
So, where to start? I know this post should be in the marketplace section however I'd like to gauge interest and go from there. Sorry to be vague however advertising on Facebook, eBay or something similar doesn't appeal to me.
I live in Montomorency, Melbourne. I'm happy to hear from anyone who is genuinely interested.
Thanks,
Scott.-Scott
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16th July 2023, 02:10 PM #2GOLD MEMBER
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Hi Scott. I am potentially interested in your dust extractor and timbers.
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16th July 2023, 02:53 PM #3GOLD MEMBER
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16th July 2023, 04:45 PM #4Originally Posted by Scott
Have had well meaning (aka PIA's) relatives and friends telling us that we should downsize and move into an apartment. Got as far as talking to an agent who suggested that I could "probably" buy one in a nearby block with two car parks and I could "probably" use one of them as a workshop. He said I was "too technical" when I asked what powertools I could use on the sole 7 amps circuit. Then he explained the costs - roughly 4% agents fees, 4% stamp duty on the new place, plus body corporate fees, removalists, legal, some "essential" new furniture, etc. Total over $150,000 - now I need to procrastinate!
But I did think about my process for culling some items. Decided:
- Select 6-10 items least likely to be needed in future place,
- Clean them really well,
- Take really good photographs of them,
- Advertise them in Market Place and elsewhere,
- When sold, select next 6-10 items and repeat.
But I am still procrastinating.
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16th July 2023, 06:49 PM #5GOLD MEMBER
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Thanks Graeme, great advice.
-Scott
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16th July 2023, 06:50 PM #6GOLD MEMBER
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18th July 2023, 10:17 PM #7SENIOR MEMBER
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To add to Graeme's advice, I would highly recommend you start a spreadsheet with three columns to keep things on track. 1 for the description, 2 for the value estimate and 3 for realised price. Then you, while watching some boring show surf the different sites to gauge value. Much easier with hand tools, you just look at ebay aus completed items. Be aware the international ebay sites have way different realised prices to us.
And one very important thing... Be careful how you word ads. Market place is run by idiots. The bots flag knife, blade... and often suspends the ad pending a closer look. You can appeal but they're stupid people and often deny it. I had a 120 year old Preston mount cutting knife banned even after appeal. I've had my Veritas replacement plane blades suspended. I even had a bench dog ad suspended. And if that weren't bad enough, even had a 100 year old clay brooding egg banned because they said it was an animal FFS. They're absolute idiots. If they suspend an ad just delete it and immediately post a new one without the offending word(s). After so many suspensions they suspend your selling altogether until some turkey necked fool, who's probably never touched grass, has a look and unlocks it. Gumtree, they don't care at all.
And now for a somewhat controvercial topic. If you have people flapping their chicken wings to buy something sight unseen that you've just posted. It means you've way under valued it. I'd pull the ad and repost it with a higher price. You need to look out for yourself, because the buyers only have their interest in mind.
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