How to Price Used Appliances

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How to Price Used Appliances

Posted by Donnie Saturday, July 6, 2013 0 comments

Appliances are often replaced by newer models. Sometimes people update because they can afford a new model. At other times, an older appliance might be worn, dented, have missing parts or might otherwise not work as well as it should. Occasionally, people purchase new appliances in order to use less energy and be more efficient. It is environmentally appropriate to recycle most appliances by selling them. But, if you haven't sold an appliance in a long time, then you might be mystified with your appliance's value. With a few easy steps, you can determine a fair value for your appliance and help it find a new home.

Instructions

Determine the make and model of the appliance. Look it over, and list any missing parts, damage or areas you know don't work. Evaluate its condition. Is it clean or in poor shape? On antiques, be sure to make note of rust spots, frayed wires or anything else that might be a consideration.

Look up the manufacturer (if it still is in business). If the appliance is less than 20 years old, the manufacturer might still be in business. If it is, determine the closest new model of the same type as the appliance you are pricing. For newer appliances, this will represent the highest possible price.

Look up bulletin board listings for your area. These are network sites that offer items for sale, trade or free in your area. Look under the "for sale" and appliance links for items similar to the one that is being sold. This collection will range from free to an average price for a standard appliance in average condition. This price will be the typical price, particularly for newer appliances (less than 20 years old).

Look up vintage appliances (1700s to 1950s) and the name of the particular appliance and its approximate age. Identify a close version of the vintage appliance. Some sites will offer a range of value section with condition indicators as a guide. Some offer vintage replicas. Some buy old non-working appliances for parts or to restore. Then, look up vintage appliance appraisers in your area (or on the Internet as necessary). If the appliance has value in excess of $1,000 in its current condition, it is worth an antique appraisal because it might be worth considerably more.

Determining the real price the appliance will sell for depends on the market. With newer appliances, a simple listing locally or a yard sale is the market. For more valuable appliances, the market is a select buyer base, and the appliance might need to be represented in a listed sale through a reputable auction house or offered directly to a restoration company.

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