When I sell a used car I can check NADA or Edmunds for a general price to ask for the vehicle. If I were to sell a pellet stove, how do I determine a fair market value to sell? Thanks!!
That's a very good ?? I think there are several factors involved What does new cost ? How old is the stove ? Does it have any new parts ? I would check Craig's list to see what other people are asking and kind'a go from there . Hope this helps
I've bought several used stoves. Quadrafire Mt Vernon $2600 new I paid $700 Cumberland 3650 $2300 new I paid $650 for a remanufactured one US stove window stove $1500 new I paid $350 Harman Accentra $2800 new I paid $500 Enviro Omega $3000 or there about new I paid $600 The new and used prices vary in many locations, but this gives you an idea. I do tend to wait for bargains then pounce on them.
I think it has more to do with the age of the stove, plus how motivated the seller is. A newer stove (1-2 yrs old) won't be 1/5 the original price, IMO.
yea, comparing it to a used car is somewhat apt. Age, condition, how well it was cared for.....kinda like looking for a girlfriend!
CL is a good place to start. However, if there are a gajillion stoves out there, none are moving and they are all around the same price - they are priced too high. If there aren't many stoves out there, or at least the inventory turn is quick, then price is right to a little lowish. You can see how long an ad has been on CL, which is helpful. I got the former 2008 Hastings just 1.6 years ago for $1500. The only thing included was the Hearth pad. It was in decent shape, but not what I would call reconditioned. At that time oil was high, it was autumn, and stoves were going fairly quickly on CL - if you could find a decent stove. Not quite 1 year ago, in the spring, I got the 2012 P43 for $1000. Great shape, barely used and I got several bags of pellets that were leftover too. In this case the seller was very motivated because no one was biting at the $1800 price they wanted and they were moving to FL. After 2 weeks on the market (where all the forums were saying to wait because of oil prices diving) and within days of his moving, the seller relented and gave in to my offer. Oh, and the rest of the story on the Hastings - it took 5 months, and autumn for me to get $1300 (originally set price at what I paid for it). Yes, I got more for it than I paid for the 6 year younger P43 . However, I wasn't motivated, had time on my side and it was a looker. One more thing: last weekend I wanted rid of an old Wheel Horse garden tractor that was taking up room in my shed. It was still in good shape but I never used it since I moved to my present house (yard too small). I wanted it gone fast. So I went on CL looked at prices, then priced it several hundred $$ less than a comparable tractor. Put it on CL 3:30 PM on Saturday and by 10 AM Sunday it was out of my shed and on its way to its new home - no haggling. The moral is that it is worth whatever you decide it is worth - however, the more you value it, the longer you will have to be willing to sit on it. Additionally, if there are refurbishers in your area, check out their prices on CL (they will be easy to spot once you start looking at towns and looking at backgrounds in pictures). My advice is to price for less than the same model. They are starting a bit high figuring on a haggle, but trying to fairly compensate themselves for time and materials put into the stove.
