Shares Share This Article. Dig Deeper. Follow MoneyCrashers. Trending Articles. Become a Money Crasher! Join our community. Extra Income. Share this Article. How to Sell on Craigslist 1. Unless you have a rare collectible or antique, you can get all your research done in three quick steps: Look up your item on popular review or pricing websites. Both sources will provide you with technical specs and features. You can then use this information to provide the necessary detail for potential buyers.
Find the current price of the product selling new. A quick Google search will give you a decent gauge, and you should do some comparison shopping on a few sites specific to your type of item or other big online stores. Compare what you have to other products listed on Craigslist and eBay. Here are some basic tips for staging your photos: Clean up the item. Include any extras in the photo.
Gadgets and other electronics typically come with accessories, software, or manuals. Create a background. You can go all out and use a white or black sheet as the backdrop for your photo. A solid contrasting color will help the item stand out.
Realistically, I usually just find an area of my house free of clutter to take the photo. Find the best lighting. Try to take your pictures in natural light. Take several shots. Take at least one shot from every angle. Start every ad by explaining what your item is. Briefly explain the condition of the item after the general description. Make a note of any damages, no matter how small. Honesty is your best policy here. Technical specs. Price check. Use the description to remind readers about the price. Your contact information.
Add your preferred method of contact at the bottom of your ad. For example, if you prefer to have buyers email you, include a note asking anyone to email the address given on the ad for questions or to make an offer on the item. Final Word Selling your old stuff on Craigslist takes time and effort, but the payoff is well worth it. Angela Colley Angela Colley is a freelance writer living in New Orleans, Louisiana with a background in mortgage and real estate.
Her interests include animal rights advocacy, green living, mob movies and finding the best deal on everything. She blames her extreme passion for never paying full price on two parents that taught her that a penny saved is two pennies if invested wisely. Next Up on Money Crashers. Unless you win the lottery, have a rich uncle, or are extremely lucky, there is no quick path to becoming a millionaire. A lot If you owned a home between and , there is a strong chance that you lost a good chunk of change on your Latest on Money Crashers. What Does Gentrification Mean for Neighborhoods?
Sign Up For Our Newsletter. See why , people subscribe to our newsletter. Make Money Explore. Manage Money Explore. Save Money Explore. Borrow Money Explore. By setting a lower price upfront, I can attract more buyers faster. This puts you in a stronger position for negotiation, because you can always go to the next buyer. Most people just want some concession to feel like they won. When operating like this, exchanges are quick and painless.
This is like a garage sale — all sales are final.
Test the item as much as possible, and inspect thoroughly before you even bring up price. The condition of the item can have a huge bearing on your offer. It was a good deal on paper, so I got some cash and met with the seller — a kid who was moving across country. When I inspected the car and took it for a drive, I quickly realized it was in worse shape than I thought.
I was still interested, but now there was much more risk involved on my end. I made a thorough inspection on the RSX, but lost some money on another deal. It was a Weber grill, and also in worse condition than I had expected. The seller had no way for me to test it either. I really wanted the grill though and paid a higher price than I should have without a proper test. When I got it home, I realized there were even more issues than expected. I always include pictures with my posts. I usually snap pictures with my phone.
Think of any and all keywords that someone might search when looking for your item.
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I once tried to sell an old cooktop stove from a kitchen update. The easier you make it for a buyer to know you have the item they want, the easier the sale will be for you. On the other hand, if you are a buyer, poor listings can be an opportunity. Sellers who are too lazy to post pictures or accurate descriptions will not get as much interest. I was in the market for my RSX for months before I found the right listing.
Savor the hunt as you survey the market, and when the right deal comes along, be ready to pounce. When I was renovating the kitchen in my first home, I wanted a granite counter-top. They sell on Craigslist but if you look on any given day, your chances of finding one that fits your particular dimensions are as good catching Donald Duck with his pants on.
I nearly gave up and was about to make a deal with a local granite supplier when I found a listing for a counter top that was coming out of a high-end remodel. The sink was exactly in the right spot. I only had to cut a hole for my cooktop see, I spelled that right to fit in. Nobody was looking for one of these things mid-summer, so I took the listing down and waited.
I re-posted the ad a week before Halloween and instantly got a response. Some kids wanted it for their Halloween party. Many items such as skis, kayaks, mountain bikes, snowblowers all have seasonal highs and lows. Unlike the stock market, these cycles are predictable, and by having some foresight and patience you can pull off great deals. One of the best seasonal deals I made was on a kayak. We used it over the next two years before we upgraded to another kayak, again in the fall. Rather than trying to sell right away, I let it sit in my garage until early summer the next year.
I agreed to meet a guy who said he could take it immediately and pay cash, but he was coming from 2 hours away. I told him to go home. Once again I told him there was no deal and started to close my garage door. After wasting my time for 20 minutes, he asked me for the best I can do. This guy just wanted to come out swinging, but only made mistakes. First, he knew the price was good to begin with and that I had several other buyers waiting. He only managed to annoy me with low ball offers. Second, having driven from 2 hours away, he would have had 4. All I had to do was shut my garage door and call the next person — a proposition he was making more tempting by the minute.
If not you might want to negotiate before driving, but keep in mind, a seller is a lot more likely to give a discount if you are in front of them holding cash. Aside from the cost of maintaining the item, it can essentially be rented for free. Just like at a garage sale, you pay cash, there are no returns, and everyone should walk away happy. When I was selling my moped , I could tell the kid buying it was really excited and wanted the bike.www.graphicprep.com/components/map17.php
Craigslist Negotiating Secrets
If he had tried to low ball me, I might have made him pay up. But he made a reasonable offer, and because I liked the kid, I went easy on him. You make crazy deals on Craigslist by making fair trades within your community. You can even make money on deals by taking advantage of poorly marketed items and seasonal demands. By making the experience enjoyable for yourself and the people you transact with, you will help the community grow. This translates to more good deals and less waste for everyone.
A great post here, CK. Do you still have the item? I do still have the stereo.. Lets setup a call so I can describe it to you.
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Would 2 hours suffice? This is a great reminder. I think Craigslist is definitely what you make of it. Hopefully I can follow these tips and sell our godforsaken fridge. There is definitely a need to screen responses, and identify correct pricing.
How To Negotiate On Craigslist
But once you get the hang of it, transactions become quick and painless. Good luck with the fridge sale! Honestly I am horrible at selling things. I can negotiate a buy side deal easily. Same with negotiating a salary increase. But when it comes to selling something I tend to cave to the first offer.
I will however second your comment about not taking advantage of your neighbors during negotiation. Both people should walk away from a transaction feeling as if they made out. I do pretty close the same when selling, the first decent offer usually takes it. I just put my old stuff out for free. Which benefits treasure pickers. Keeping good stuff in circulation and out of the dump is awesome no matter how you do it. The people who buy on craigslist are some of the biggest time wasters out there. Instead, I give them the address of a gas station down the street from me and wait until they are there before I even get up off my couch.
Seasonal sales are big.
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