Determining Sale/Trade Value

[personatech]

Originally Posted by buddyhu

I'll just speak for myself.

Many times, I would ask for a higher value for a trade because I would probably prefer an outright sale for cash. I might not get the trade value I initially request...we all know how negotiations involve back and forth, give and take. But it is a starting point. I wouldn't consider it "inflation" of value, any more than I would consider taking a lower price from someone local to be an act of devaluing: not having to take time to pack up a guitar and take it someplace to be shipped is worth something to me.

Thanks - this makes sense.

[Yrksman]

Originally Posted by DavidE

Between individuals? I don't understand why. Explain if you can.

Lets imagine a guitar is for sale at $3000 (or GB pounds). The seller intends to use the cash to pay off a credit card debt that is accumulating interest. Along comes buyer 1 who offers $2750, then buyer 2 who offers $1500 plus a guitar that ebay completed listings suggests might be worth $1500. Which deal would you do? I'd take the $2750 because there is certainty. I'd have to find a buyer for the other guitar, have no idea when or if it will sell, and I'd be paying interest on the remaining credit cared debt.

Or, I may have my eye on another guitar so I'll take the cash toward that one.