Sellers: When do you drop your price?


Selling my first piece of gear.  I've had a lot of views but no offers. It's been about 5 days. Great condition, 2 years old, offering about about 1/3rd off. No original box.

Perhaps all gear is particular, so if that's so, we can end this thread right here. But in case there's a general bit of advice, How long do you let an ad marinate before adjusting the price?
128x128hilde45

Showing 1 response by willgolf

I have had a lot of success selling components but I do somewhat panic for no reason.  Recently, I sold a DAC.  I had 5 offers from one guy who also bid on something I had 5 years ago.  All Low ball offers and having to listen to him tell me that I will never sell it for the price I am listing it at.  I got 3 other offers....again all low ball offers.  It does make you think.  I think people automatically assume a used piece is worth 50% of the retail value even if it is less than one year old.  

I did get a decent offer after three weeks.  The buyer and I were both happy.  It really depends a lot on the brand.  If it is a known brand people will tend to pay more because they know they can turn around and sell it if they don't like and they won't lose money.  It is harder to sell boutique components.